Hang Seng Tech Index ($Hang Seng TECH Index (800700.HK)$) Technical Analysis Previous Resistance Turned Support Worked Well – The pink resistance zone was a key level where price previously struggled to break above. – After breaking out, price retested this level multiple times, confirming it as support. – This led to a strong bullish move, with the index gaining over 40% from the breakout point. Current Market Structure: Previous...
The HSI March futures index has reversed most of its 2% loss from the morning to trade down just 0.1% to 22,932 as of 137PM, while the HSTECH March futures index is now trading 1% in the green to 5.570 after paring its 2.9% loss in the morning The index reversal happened on news that China is imposing tariffs of up to 15% on some US goods following Trump's move China will specifically target US s...
– Chinese shares are trading in the red this morning, with the benchmark Hang Seng Index March futures down 2% to 23,220 as of 1110AM while the Hang Seng Tech Index March futures is down 3% to 5,700 – Consequently, put warrants tracking Chinese shares such as BYD (BYD put$BYD MB ePW251003 (GMNW.SG)$: +25% to SGD 0.015) , Lenovo (Lenovo put and Alibaba (Alibaba put$Alibaba MB ePW251003 (FYSW.SG)$: +12.8% ...
Key Takeaways: Bullish Sentiment on Alibaba: Major financial analysts have raised Alibaba's target prices, signaling strong optimism about its future market performance. Growing Confidence in Chinese Markets: Financial institutions like Goldman Sachs and J.P. Morgan express increasing confidence in the Chinese markets, using bullish language and supportive market actions. Rally in Hong Kong Stocks: The Hong Kong stock market co...
Grogu : sell the news, pump and dump