Hang Seng Index
Long
Updated

A possible rebound for HSI ?

461
I hope the Hong Kong market will make a turn around sooner than later. The last bearish daily candle shows that selling has not eased, yet. Hopefully, with the restrictions lifted, we can see some sectors like (hospitality, tourism, entertainment,etc) improved on their business.
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added long position at 20920
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2nd buying opportunity at 20858 support level
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added long
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scmp.com/news/hong-kong/health-environment/article/3193599/hong-kong-has-dropped-covid-19-hotel-quarantine?module=service_journalism_int&pgtype=homepage

IF the local Hong Kong people have the opportunity to travel out of the country, that would means increase in consumption , be it products or services that they consume outside of HK. Look out for Cathay Airlines, travel related stocks that might benefit from this news.
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will buy later as last night US market is likely to give it a boost!

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