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10-07

๐Ÿ’น๐Ÿ“ˆ๐ŸŒŸ HSI Heating Up! Ready to Ride the Green Wave? ๐ŸŒŸ๐Ÿ’น๐Ÿ“ˆ ๐Ÿ”บ๐Ÿ…ฑ๐Ÿ†„๐Ÿ…ป๐Ÿ…ป๐Ÿ…ธ๐Ÿ†‚๐Ÿ…ท๐Ÿ”บ

๐Ÿ…ผ๐Ÿ†ˆ ๐Ÿ†…๐Ÿ…พ๐Ÿ†ƒ๐Ÿ…ด ๐Ÿ…ธ๐Ÿ†‚ 5-10% ๐Ÿ…ถ๐Ÿ†๐Ÿ…ด๐Ÿ…ด๐Ÿ…ฝ๐Ÿ’น

Kia ora Tiger traders!

๐Ÿš€ Itโ€™s time to tighten your seatbelts and grab your ๐Ÿ…ถ๐Ÿ†๐Ÿ…ด๐Ÿ…ด๐Ÿ…ฝ trade goggles, because  the Hang Seng Index ($HSI) is gearing ๐Ÿ”บ up for one spicy week ahead!๐ŸŒถ๏ธ๐Ÿ’นWith a close at 23,099.78, weโ€™re staring down the barrel of some serious bullish momentum! ๐Ÿ“ˆ๐Ÿ’น๐Ÿ“Š๐Ÿš€

๐ŸŽฏ Techies are on Fire!

The $HSI is like your favourite โ˜•โ˜•๏ธโ˜•๏ธโ˜•๏ธ, extra strong this morning. With the MA10 & MA20 showing a bullish breakout, thereโ€™s no time to hit ๐Ÿ’ค the snooze ๐Ÿ”˜! Even the MACD is strutting around like it owns the place, while the RSI is screaming overbought louder than a Tui during mating season๐Ÿฆ. (Careful though, Tui calls donโ€™t last foreverโ€ฆand neither do overbought signals.)

๐Ÿ‡จ๐Ÿ‡ณ๐Ÿ‡ญ๐Ÿ‡ฐ๐Ÿ‡ฒ๐Ÿ‡ดThe Hong Kong and Macao Affairs Office of the State Council of China announced that it will continue to introduce more policies and measures aimed at benefiting Hong Kong and Macao.

๐Ÿšจ๐Ÿ“ฐ Beijing hints at plans to boost ๐Ÿ”บ๐Ÿ”บ๐Ÿ”บ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong economy a week before   policy address.

scmp.com/news/hong-kong

Money Flow and rotation :

$Sensex down, $HSI up. Sell India ๐Ÿ‡ฎ๐Ÿ‡ณ buy   China ๐Ÿ‡จ๐Ÿ‡ณ ~ Since 27Sep24.

๐Ÿ’ก Analysts are All In:

๐Ÿ“ˆ๐Ÿ“Š๐Ÿšจ Chinese Stocks could soar another 20%, says Goldman Sachs ๐Ÿ“ˆ๐Ÿ’น๐Ÿšจ

๐Ÿ‘‰ Morgan Stanley: โ€œExpect Q4 fireworks! Chinese economic stimulus is laying the groundwork for a sustained rally.โ€ ๐ŸŽ‡

๐Ÿ‘‰ HSBC Global Research: โ€œWatch for an 8% upside this week, with strong capital inflows pushing the market higher. Investors see Hong Kong as the front row seat for Chinaโ€™s reopening.โ€ ๐ŸŽŸ๏ธ๐ŸŒ

๐Ÿ‘‰ Bloomberg Intelligence: โ€œTech is back, baby! With regulatory fears subsiding, this is prime time for tech-heavy stocks to lead the charge.โ€

๐Ÿ’ช Green Zone (5% to 10%) Is the Sweet Spot ๐ŸŸข:

๐Ÿ” Seasonality says it all! Historically, $HSI loves โค๏ธโค๏ธ this time of year. And the charts agree: the resistance levels at 23,106 and 23,257 are your targets this week. ๐Ÿšฆ๐Ÿšฆ๐ŸŸข๐Ÿ’ธ If capital keeps flowing in like itโ€™s the Boxing Day or Black Friday sales, weโ€™re in for some serious gains! ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ฐ

๐ŸŒŸ Did You Know? ๐ŸŒŸ

When the HSI launched in 1969, it was dominated by British companies. Fast forward to today, and over 80% of the market cap comes from mainland ๐Ÿ‡จ๐Ÿ‡ณChinese giants, a reflection of Hong Kongโ€™s evolution into a critical hub for Chinaโ€™s top tech and financial firms! ๐Ÿ‡ญ๐Ÿ‡ฐ๐Ÿ”„๐Ÿ‡จ๐Ÿ‡ณ

๐Ÿค” Hey Tiger Traders ~ Do you think this rally will keep defying gravity, or are we in for a rollercoaster ride before hitting the next peak?

 @TigerGPTThe RSI is looking overcooked at above 70, but momentum is still roaring. Do you think HSI will break through resistance this week, or is a breather in store?

Happy trading ahead. Cheers, BC ๐Ÿ€

@TigerEvents @Tiger_comments @TigerPicks @TigerWire @TigerStars @TigerPM @Daily_Discussion 

๐Ÿ’ฐIndex Prediction: Guess Where HSI Is Likely to Move This Week?

@TigerEvents๏ผš
Click to vote. Guess how $HSI(HSI)$ will close on Friday, October 11 ? If you get the correct answer, you may share 1000 Tiger Coins with other Tigers. Also, the first person who posts the right answers in the comments section will gets 100 Tiger Coins! Hong Kong's stock market extended its three-week rally on Monday, reaching a two-and-a-half-year high in the morning session, buoyed by China's recent package of stimulus policies intended to boost the economy. $HSI(HSI)$ , $HSTECH(HSTECH)$ , and $HSCEI(HSCEI)$ have seen impressive gains in October of 43%, 35%, and 44%, respectively. The semiconductor sector has surged, with $SMIC(00981)$ up nearly 60% since October and $HUA HONG SEMI(01347)$ rising over 55% in the same period. Brokerage stocks have also exploded, with $CITIC SEC(06030)$ up nearly 50% since October, $GF SEC(01776)$ up more than 53% since October, and $DFZQ(03958)$ soaring over 18% with a cumulative gain of over 78% since October. CITIC Securities recently released a research report indicating that, despite a rapid increase in stock prices, the current valuation of Hong Kong stocks remains attractive compared to both global markets and historical levels, particularly in the growth and financial sectors. While the phase of rapid gains driven by short squeezes may be over, given the gradual implementation of policies and investors' continued excitement, it is unlikely that the Hang Seng Index has reached a temporary peak. The trend of valuation recovery is expected to continue into early November. What are your thoughts on the future movement of the Hang Seng Index? ๐Ÿ’ฐEvent Details Click to vote. Guess where $HSI(HSI)$ will move following their earnings report? If you get the correct answer, you may share 1000 Tiger Coins with other Tigers. For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins. Reply and forward this post, share your insights about $HSI(HSI)$ , and you will have chance to win Tiger Gift Also, the first person who posts the right answers in the comments section will gets 100 Tiger Coins! โฐEvent Duration From October 7, 2024, to October 11, 2024, at 10:00 SGT
๐Ÿ’ฐIndex Prediction: Guess Where HSI Is Likely to Move This Week?
# China Equities Back! Do You Catch Up Rally?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Barcode
    ยท10-07
    TOP
    Top stock pick = $Alibaba(BABA)$๐Ÿ”บ๐Ÿ…ฑ๏ธullish for this babe BABAโฃ๏ธ


    Red tops $113.8-$115.29


    $112.70 Orange band support


    $119 Fibonnaci ๐ŸŽฏ ๐ŸŽฏ๐ŸŽฏ


    $127.30 & $138.11 above
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  • TigerGPT
    ยท10-07
    TOP

    Hang Seng Index (HSI) Analysis

    Business Overview

    The Hang Seng Index (HSI), launched in 1969, has evolved into a critical hub for China's top tech and financial firms, reflecting Hong Kong's transformation into a leading market for mainland Chinese giants. Today, over 80% of the HSI's market capitalization comes from mainland Chinese companies. The HSI serves as a benchmark for the performance of the Hong Kong stock market and reflects the overall sentiment and trends of the region's economy.

    Latest Earnings and Forecast

    Unfortunately, specific earnings data for the Hang Seng Index (HSI) is not available as it represents an index rather than an individual company. However, it is important to note that the performance of the HSI is influenced by the earnings of the constituent companies within the index.

    Recent Trends

    As of the latest closing price on October 7, 2024, the HSI stands at 23,099.78. The HSI has shown bullish momentum recently, with the MA10 and MA20 indicators indicating a bullish breakout. The MACD indicator suggests positive market sentiment, while the RSI indicates the index may be overbought.

    Analyst Viewpoints

    According to S. Erg Intelligence, regulatory fears for technology companies have been subsiding, and this could be a prime time for tech-heavy stocks to lead the charge. However, it is essential to remain cautious and monitor market conditions carefully.

    Bullish and Bearish News

    One relevant news article reports that developers in Hong Kong are raising property prices following a 22.1% decline in residential building sales in September. Some developers, such as Sun Hung Kai Properties, CK Asset, and MTR Corp, have recently raised the prices of their projects by 6.5% to 10%. However, it is important to note that others are also offering discounts on their units.

    Conclusion and Disclaimer

    The HSI is currently showing bullish momentum, with positive indicators and favorable news regarding the Hong Kong property market. Considering the historical seasonality of the HSI and resistance levels at 23,106 and 23,257, there is a potential for further gains. However, investors should exercise caution and closely monitor the market as there are always inherent risks and fluctuations associated with investing.

    Disclaimer: The above analysis and conclusions are for reference purposes only and should not be considered as investment advice. Investing in the stock market carries risks, and individuals should independently assess their investment decisions.

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  • jigglyp
    ยท10-07

    Wow higher and higher! Looking forward to tomorrow when china market opens

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