In November, the Hang Seng Index rebounded significantly. Where will the rebound target go? Has the bear market ended?
$Hang Seng Index (800000.HK)$ The Hang Seng Index is at a low point this year, 14,597, and has rebounded unnoticed by 2,771 points. The US CPI data is better than expected and has started to gradually decline. Some people in the market have once again suggested that the bottom of the Hang Seng Index has appeared, and it is uncertain whether a new bull market has begun. Whether the bull market returns depends on the trend in December.
The USA is really skilled in playing financial tricks. When the CPI data is better than expected, there is a violent surge of 1200 points. The Hang Seng Index has benefited, and it also experienced a violent surge of 1244 points last Friday, catching bearish investors off guard. As of November, the Hang Seng Index is clearly ahead. After the violent surge last Friday, this may be the last wave of rebound. It is expected that 17700 will start to encounter resistance, and the range of 18100 to 18200 is the biggest obstacle for this rebound. You ask me if there is a chance to break through, there is always a possibility in the stock market. It depends on whether there are significant bullish news to support it. If there is, then look at the range of 18500 to 18700. Of course, if you ask me now, I am temporarily focusing on the technical analysis of the chart.
The USA is really skilled in playing financial tricks. When the CPI data is better than expected, there is a violent surge of 1200 points. The Hang Seng Index has benefited, and it also experienced a violent surge of 1244 points last Friday, catching bearish investors off guard. As of November, the Hang Seng Index is clearly ahead. After the violent surge last Friday, this may be the last wave of rebound. It is expected that 17700 will start to encounter resistance, and the range of 18100 to 18200 is the biggest obstacle for this rebound. You ask me if there is a chance to break through, there is always a possibility in the stock market. It depends on whether there are significant bullish news to support it. If there is, then look at the range of 18500 to 18700. Of course, if you ask me now, I am temporarily focusing on the technical analysis of the chart.
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