paulwongsh

HongKong - Most oversold in decades

TVC:HSI   Hang Seng Index
HSI is at the most oversold in decades, touching the bottom of its monthly uptrend channel.
Valuations are at its rock-bottom extremes with very poor sentiments, on the back of the Congress Party closure without good news.
Reward-to-risk is high, especially if reversion to the mean happens.
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