$Hang Seng Index (800000.HK)$  bear trap or bull trap

$Hang Seng Index (800000.HK)$ will be range trade : above 21200 remember to take profit ; start accumulate below 20500 and target 1Q2025 22700 2Q2025 25000

$Hang Seng Index (800000.HK)$ as mentioned earlier, HSI likely to continue uptrend. Main resistance is 20500 not 20000; If HSI manage to break above 20500, the party will likely to continue until  Trump’s inuaguration.  Take this opportunity to safeguard your profit before trade war become messy.

$Hang Seng Index (800000.HK)$ is notching up after it tested 19000 and likely to break 20000 psychological level before year ending 2024 based on tech chart.

$Hang Seng Index (800000.HK)$ The HSI movement is closely tied to RMB (USDCNH) movement. Since Trump's victory we have been witnessing RMB weakening from 7.09 to 7.25+ s (and dropping), HSI is unlikely to move back to Oct 2024 height in the next few months even with new bazooka stimulus from China Government.
The weakening of RMB will be excerbated by Fed's rate decision and fresh tarrif across the borders of US. The first support will be 18700 then 17800.

$Pfizer (PFE.US)$is a good stock to buy and hold for mid to long term. However this is not the right time to rush in
1.  most pharma stocks are facing lots of uncertainties with Trump’s new administration including MRK, MRNA, NOVO etc etc
2. technically it has broken all support lines except MA250 (monthy) and  net fund is flowing out.
Wil monitor if can hold the last bastion in the next couple weeks else …

$NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$
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$HIBISCS (5199.MY)$ Another O&G is trending down and broken all supports , does not looking positive in the short to mid term.
1. Depressing oil price due to groomy economy forecast around the world i.e. China, Europe
2. Oversupply will be exacerbated with peace deals being hammered out after Trump''s inauguration + more “drill-baby-drill”activities in US. Today, US is the largest O&G producer and net exporter .. the oil price is no longer decided by OPEC+ as ...

$Occidental Petroleum (OXY.US)$ This stock has been trending down and broken all supports , does not looking positive in the short to mid term.
1. Depressing oil price due to unfavorable  economy forecast around the world esp China
2. Oversupply will be exacerbated with peace deals being hammered out  after Trump’s inauguration + more “drill-baby-drill” activities
3.  Strong USD rally in short to mid term likely to depress most commodities prices including oil...