bullish

Technically Speaking: Japan Meets Resistance and Hong Kong Finally Breaks Downtrend

612 Views02 Apr 2024 22:04
Japan markets are facing resistance levels as the headwinds of a tighter monetary policy weighs on the market.  Hong Kong will finally break its 3 year downtrend in April.
Boomeranged on Sat, 27 Apr 2024 09:04
HSI has now clearly broken its downtrend on large volume this week. Global reallocation to Hong Kong listed China shares and mainland buying through the Southbound Connect platform have fueled the rally. High beta tech names in Hong Kong set to rally as US/Japan markets and their tech names rollover. We recommend buying Hong Kong large cap tech names at this bottom of a multi-year bear market.
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
EquitiesCross Asset StrategyThematic (Sector/Industry)
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