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leonggw
Oct 24, 2023 3:25 PM

Is HSI bottoming? Long

Hang Seng IndexHSI

Description

Just my 2 cents.
1. RSI Divergence from 2019-2023, similar to 2001-2003, something that looks interesting.

2. HSI retraced from 2018-2023, the longest correction from Monthly chart.

3. HSI has dropped ~47% from peak, which is quite safe to look for entry.

4. Will be waiting for news to stimulate HSI and also China indexes.
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