Hong Kong has entered a secular bull market and will present the best investment opportunity of any major market during the coming few years.
Boomeranged on Fri, 26 Apr 2024 21:13
HSI has now broken key resistance levels or 17k (Bear Market Trend Channel), 17,300 (200 Day Moving Average) and 17,500 (Upper Bollinger Band). Importantly it broke these resistance levels on volume which was significantly above the daily average. Another clear indication of further upside is the major rally in broker names and the 50% increase in Hong Kong Connect Southbound buying.
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