Bonta
2022-03-16

Short term bottom should have been reached. The issue is that the rally today appears to be a mix of relief rally due to oversold conditions with short squeeze. Once the short sellers reset their positions, the shorting could continue. In addition, the "cause" of the rally is attributed to China supportive policy for economy and foreign listing. Foreign listingso far appears to not be in line with us sec statement. Things could turn back again with us sec stating that the delisting issues is still unresolved. 

Have Chinese stocks already bottomed?
Chinese stocks saw robust gains recently... Have they already bottomed? Share your views to win coins!
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Comments

  • PenelopeHood
    2022-03-17
    PenelopeHood
    Still lots of issue unsolved. Even market get warm today. I think we still need to wait until more details comfirmed in the future.
  • MaudNelly
    2022-03-17
    MaudNelly
    Disagree. More details which will comfirm and make market warm again since there were some good news from China today. It could be the real bottom of chinese concept stocks.
  • RoyRoberts
    2022-03-17
    RoyRoberts
    The short-term bottom is possible. In the long run, we need to see whether its later trend can stabilize.
  • JosHi5
    2022-03-17
    JosHi5
    should we cut loss as it is more technically rebound...
    • Bonta
      I am using options instead of stocks. [Cool] i hedged my position through selling call options. In this way, if it is flat, i get paid. If it drops, i will also get paid. [Happy]
  • InvisibleP
    2022-03-18
    InvisibleP
    Why stock market is positive when Fed wants to raise interest rate?
    • Bonta
      Likely cos the interest rate hike is already expected. It could also be due to fed being positive about the state of the economy
  • Mister Makam
    2022-03-17
    Mister Makam
    bottomed out or oversold?
    • Bonta
      Appears to be a temporary bottom. Market bottoms are always estalished on hind sight as we cant foresee the future. The oversold condition was also temporary. Depends if there are any negative news
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