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The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.
① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?
Price fluctuations do not hinder supply clearance, the lithium battery sector welcomes layout opportunities.
Production cuts, maintenance, and spot price increases could not suppress market expectations despite the block orders' aggressive selling. After erasing a week's gains over two trading days, the market rebounded significantly. On November 19th, the lithium sector surged, with ganfenglithium and tianqi lithium corporation both reaching their upper limits on A-shares, while Hong Kong stocks rose by over 10%, with funds pouring in aggressively.
The number of pre-orders for the Huawei Mate 70 exceeds 2.1 million, and smartphone industry stocks collectively surge. Fit hon teng (06088) rises by 7.31%.
Jin Wu Finance News | The Huawei Mate 70 series is likely to trigger another buying spree, with stocks in the mobile industry collectively rising: Fit Hon Teng (06088) up 7.31%, Q Tech (01478) up 7.07%, BYD Electronics (00285) up 4.92%, Sunny Optical (02382) up 3.34%, Semiconductor Manufacturing International Corporation (00981) up 2.46%, Hua Hong Semi (01347) up 1.45%.
Hong Kong stock concept tracking | Over 2 million people have reserved the Huawei Mate 70 smartphone, the industry chain is closely watching Huawei's technology development (with relevant concept stocks).
In the first three quarters of 2024, Huawei's flagship smartphone shipments increased by 71% year-on-year.
Hong Kong stocks fluctuate | The mobile industry chain rose in early trading, with reservations for the Huawei Mate 70 series exceeding one million. Product innovation is expected to stimulate the market and industry chain in the fourth quarter.
The smartphone industry chain rose in early trading. As of the time of reporting, q tech (01478) increased by 5.66%, priced at 5.23 HKD; Sunny Optical (02382) rose by 4.61%, priced at 57.9 HKD; BYD Electronics (00285) went up by 4.04%, priced at 29.6 HKD; cowell (01415) increased by 2.25%, priced at 25 HKD.
BYD Expands Energy Storage Partner Programme, Unveils New Products
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72423057 : I want to ask those studying stock price charts, whether it is the stock price that determines the chart, or the chart that predicts the future trend of the stock price?
Moon fairy 大炮仙 ❤ 72423057 : Chart is just a references, history or an information for you to guess what the price or trend going to form in the future. And is no guarentee that even you study the chart you will know the future. And if eg 1000 people see the same chart and almost 90% guess the same things maybe it will be chart leading us to play in the same way to had that same outcome.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Moon fairy 大炮仙 ❤ : Another to ask yourself is,, You play the game? Or the game play you.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
wahlao 72423057 : Its human emotions determine stock price, price determine chart. See chart to see human emotions, but humans could be logical so u can't be sure 100%. It's the meaning of life. Deep.
fearless Puppy_9024 72423057 : Stock prices determine charts through recorded trading activity. However, charts can influence market behavior indirectly when traders use them to predict trends. External variables like institutional trades, company news(e.g. earning reports, mergers, acquisitions, product launches or management change) and micro-economic factors(e.g. interest rate, political events, global market conditions) can also override typical chart-based predictions by introducing sudden volatility or trends.
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