Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom

Bloomberg2022-11-25

RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong ...

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KH321
·2022-11-26
OK
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1
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- Alicialian:
  comment
  2022-11-27
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Pluto891
·2022-11-25
anyone believe? or just a case of oversold?
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- KH321:
  OK
  2022-11-26
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Light Randy
·2022-11-25
Thanks for the info
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2
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Toby_Chua
·2022-11-25
Mkt cycle in play up trend follows
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- WendyGoh:
  Ok
  2022-11-25
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Danielng
·2022-11-25
Oo-la-la. Entire Hang Seng PE of 6 or 7. How low can it go? PE 4 or 5? Get back all our $ in 5 years (not including dividends)? Serious?
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BotakGuy
·2022-11-25
To the moon for Hk ?
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A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.</p><p>To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.</p><p><img src=\"https://static.tigerbbs.com/3ef53c162e765e83ed0cd9ea4e0182d5\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.</p><p>If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.</p><p>History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. 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Chartists commonly study the 14-day RSI rather than the monthly view.</p><p>At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.</p><p>In 2009, around the time of the Global Financial Crisis, a similar formation on the S&amp;P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.</p><p><img src=\"https://static.tigerbbs.com/ab1bdf1d21efed7a912b02fb2bc30263\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.In 2009, around the time of the Global Financial Crisis, a similar formation on the S&P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104970295,"gmtCreate":1669527224971,"gmtModify":1669527238043,"authorId":3575621913630705,"author":{"id":3575621913630705,"idStr":"3575621913630705","authorId":3575621913630705,"name":"Alicialian","avatar":"https://static.tigerbbs.com/52404e0dd99a939e64e5eaeb8cda47b7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966375548,"type":1,"supId":0,"prevId":0,"content":"<u>comment</u>","text":"<u>comment</u>","html":"<u>comment</u>"}],"langContent":"EN"},{"id":9966908802,"gmtCreate":1669366668007,"gmtModify":1676538189519,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3581937910767045","authorIdStr":"3581937910767045"},"htmlText":"anyone believe? or just a case of oversold?","listText":"anyone believe? or just a case of oversold?","text":"anyone believe? or just a case of oversold?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966908802","repostId":1186050320,"repostType":4,"repost":{"id":"1186050320","kind":"news","pubTimestamp":1669363490,"share":"https://ttm.financial/m/news/1186050320?lang=&edition=fundamental","pubTime":"2022-11-25 16:04","market":"hk","language":"en","title":"Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom","url":"https://stock-news.laohu8.com/highlight/detail?id=1186050320","media":"Bloomberg","summary":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start o","content":"<html><head></head><body><ul><li>RSI crossover is a sign that bullish momentum is building up</li><li>S&amp;P 500 crossover in 2009 marked start of multiyear rally</li></ul><p>A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.</p><p>Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.</p><p>To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.</p><p><img src=\"https://static.tigerbbs.com/3ef53c162e765e83ed0cd9ea4e0182d5\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.</p><p>If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.</p><p>History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.</p><p>At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.</p><p>In 2009, around the time of the Global Financial Crisis, a similar formation on the S&amp;P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.</p><p><img src=\"https://static.tigerbbs.com/ab1bdf1d21efed7a912b02fb2bc30263\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186050320","content_text":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.In 2009, around the time of the Global Financial Crisis, a similar formation on the S&P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104959855,"gmtCreate":1669429097029,"gmtModify":1669429110258,"authorId":3586451610703869,"author":{"id":3586451610703869,"idStr":"3586451610703869","authorId":3586451610703869,"name":"KH321","avatar":"https://static.tigerbbs.com/c1bb8bd7d6d5df5f9732871fe60999ea","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.93%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966908802,"type":1,"supId":0,"prevId":0,"content":"<u>OK</u>","text":"<u>OK</u>","html":"<u>OK</u>"}],"langContent":"EN"},{"id":9966909517,"gmtCreate":1669365121040,"gmtModify":1676538189362,"author":{"id":"4116390034084642","authorId":"4116390034084642","name":"Light Randy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4116390034084642","authorIdStr":"4116390034084642"},"htmlText":"Thanks for the info&nbsp;","listText":"Thanks for the info&nbsp;","text":"Thanks for the info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966909517","repostId":1186050320,"repostType":2,"repost":{"id":"1186050320","kind":"news","pubTimestamp":1669363490,"share":"https://ttm.financial/m/news/1186050320?lang=&edition=fundamental","pubTime":"2022-11-25 16:04","market":"hk","language":"en","title":"Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom","url":"https://stock-news.laohu8.com/highlight/detail?id=1186050320","media":"Bloomberg","summary":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start o","content":"<html><head></head><body><ul><li>RSI crossover is a sign that bullish momentum is building up</li><li>S&amp;P 500 crossover in 2009 marked start of multiyear rally</li></ul><p>A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.</p><p>Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.</p><p>To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.</p><p><img src=\"https://static.tigerbbs.com/3ef53c162e765e83ed0cd9ea4e0182d5\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.</p><p>If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.</p><p>History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.</p><p>At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.</p><p>In 2009, around the time of the Global Financial Crisis, a similar formation on the S&amp;P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.</p><p><img src=\"https://static.tigerbbs.com/ab1bdf1d21efed7a912b02fb2bc30263\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186050320","content_text":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.In 2009, around the time of the Global Financial Crisis, a similar formation on the S&P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9966909381,"gmtCreate":1669364968544,"gmtModify":1676538189322,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"Toby_Chua","avatar":"https://community-static.tradeup.com/news/82ec063fd73ccbceee82eab015cdf3fd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576326749731922","authorIdStr":"3576326749731922"},"htmlText":"Mkt cycle in play up trend follows","listText":"Mkt cycle in play up trend follows","text":"Mkt cycle in play up trend follows","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966909381","repostId":1186050320,"repostType":4,"repost":{"id":"1186050320","kind":"news","pubTimestamp":1669363490,"share":"https://ttm.financial/m/news/1186050320?lang=&edition=fundamental","pubTime":"2022-11-25 16:04","market":"hk","language":"en","title":"Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom","url":"https://stock-news.laohu8.com/highlight/detail?id=1186050320","media":"Bloomberg","summary":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start o","content":"<html><head></head><body><ul><li>RSI crossover is a sign that bullish momentum is building up</li><li>S&amp;P 500 crossover in 2009 marked start of multiyear rally</li></ul><p>A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.</p><p>Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.</p><p>To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.</p><p><img src=\"https://static.tigerbbs.com/3ef53c162e765e83ed0cd9ea4e0182d5\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.</p><p>If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.</p><p>History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.</p><p>At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.</p><p>In 2009, around the time of the Global Financial Crisis, a similar formation on the S&amp;P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.</p><p><img src=\"https://static.tigerbbs.com/ab1bdf1d21efed7a912b02fb2bc30263\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186050320","content_text":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.In 2009, around the time of the Global Financial Crisis, a similar formation on the S&P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104953041,"gmtCreate":1669366115205,"gmtModify":1669366128611,"authorId":3581650882917100,"author":{"id":3581650882917100,"idStr":"3581650882917100","authorId":3581650882917100,"name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966909381,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9966077432,"gmtCreate":1669364530527,"gmtModify":1676538189275,"author":{"id":"3567242381966976","authorId":"3567242381966976","name":"Danielng","avatar":"https://community-static.tradeup.com/news/5cd5b4aefd2b0994474d489d4d1c2904","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":7,"crmLevelSwitch":1,"idStr":"3567242381966976","authorIdStr":"3567242381966976"},"htmlText":"Oo-la-la. Entire Hang Seng PE of 6 or 7. How low can it go? PE 4 or 5? Get back all our $ in 5 years (not including dividends)? Serious?","listText":"Oo-la-la. Entire Hang Seng PE of 6 or 7. How low can it go? PE 4 or 5? Get back all our $ in 5 years (not including dividends)? Serious?","text":"Oo-la-la. Entire Hang Seng PE of 6 or 7. How low can it go? PE 4 or 5? Get back all our $ in 5 years (not including dividends)? Serious?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966077432","repostId":1186050320,"repostType":2,"repost":{"id":"1186050320","kind":"news","pubTimestamp":1669363490,"share":"https://ttm.financial/m/news/1186050320?lang=&edition=fundamental","pubTime":"2022-11-25 16:04","market":"hk","language":"en","title":"Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom","url":"https://stock-news.laohu8.com/highlight/detail?id=1186050320","media":"Bloomberg","summary":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start o","content":"<html><head></head><body><ul><li>RSI crossover is a sign that bullish momentum is building up</li><li>S&amp;P 500 crossover in 2009 marked start of multiyear rally</li></ul><p>A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.</p><p>Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.</p><p>To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.</p><p><img src=\"https://static.tigerbbs.com/3ef53c162e765e83ed0cd9ea4e0182d5\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.</p><p>If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.</p><p>History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.</p><p>At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.</p><p>In 2009, around the time of the Global Financial Crisis, a similar formation on the S&amp;P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.</p><p><img src=\"https://static.tigerbbs.com/ab1bdf1d21efed7a912b02fb2bc30263\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186050320","content_text":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.In 2009, around the time of the Global Financial Crisis, a similar formation on the S&P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9966077962,"gmtCreate":1669364216056,"gmtModify":1676538189214,"author":{"id":"3557831813182222","authorId":"3557831813182222","name":"BotakGuy","avatar":"https://community-static.tradeup.com/news/022cac584c2e108f4c8bfef1e94aa79d","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":7,"crmLevelSwitch":1,"idStr":"3557831813182222","authorIdStr":"3557831813182222"},"htmlText":"To the moon for Hk ?&nbsp;","listText":"To the moon for Hk ?&nbsp;","text":"To the moon for Hk ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966077962","repostId":1186050320,"repostType":2,"repost":{"id":"1186050320","kind":"news","pubTimestamp":1669363490,"share":"https://ttm.financial/m/news/1186050320?lang=&edition=fundamental","pubTime":"2022-11-25 16:04","market":"hk","language":"en","title":"Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom","url":"https://stock-news.laohu8.com/highlight/detail?id=1186050320","media":"Bloomberg","summary":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start o","content":"<html><head></head><body><ul><li>RSI crossover is a sign that bullish momentum is building up</li><li>S&amp;P 500 crossover in 2009 marked start of multiyear rally</li></ul><p>A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.</p><p>Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.</p><p>To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.</p><p><img src=\"https://static.tigerbbs.com/3ef53c162e765e83ed0cd9ea4e0182d5\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.</p><p>If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.</p><p>History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.</p><p>At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.</p><p>In 2009, around the time of the Global Financial Crisis, a similar formation on the S&amp;P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.</p><p><img src=\"https://static.tigerbbs.com/ab1bdf1d21efed7a912b02fb2bc30263\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper-Rare Signal Suggests Hong Kong Stock Market Has Hit Rock Bottom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSCEI":"国企指数","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-25/hkex-hong-kong-stock-market-hits-bottom-rare-signal-suggests?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186050320","content_text":"RSI crossover is a sign that bullish momentum is building upS&P 500 crossover in 2009 marked start of multiyear rallyA stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China.Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph that combines the speed and magnitude of price changes to assess whether a security is about to make a big turn. A very similar shift in 2009 marked the start of a multiyear bull-run in the U.S.To chartists, the switch that popped up in recent days could be the long-awaited signal every investor in the city is hoping to see: the end of a stock-market slump that drove the main index as much as 53% below the pandemic-era peak set in February last year.The 14-month Relative Strength Index of Hong Kong’s Hang Seng stock index this month completed the turnaround — dropping below 30 and then surging back above that key threshold — for the first time since October 1967.If it holds true, it could mark the end of the pain induced by almost three years of pandemic lockdowns, a backlash against big tech companies that breached government policies and a property implosion that bankrupted some of the biggest developers.History shows that a security is typically “oversold” when its RSI dips below 30 and “overbought” when it rises above 70. According to Investopedia, strategists use the RSI to work out when to buy or sell securities and whether they are primed for atrend reversal. Chartists commonly study the 14-day RSI rather than the monthly view.At the same time as charts give hope, new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound have prompted some major Wall Street banks to move away from their long-held bearish views on Chinese shares.In 2009, around the time of the Global Financial Crisis, a similar formation on the S&P 500 Index marked the start of a bull-run, with the measure rising to an all-time record in January this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":55,"commentSize":6,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}