Hello Traders, Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events. This is causing friction between Hong Kong and...
View On Hong Kong Stock Index (3 March 2020) We are in the rebound mode and it will likely take some time. HSI is in the grind support region and it can climb up slowly. 26,800 shall be reachable, soon. But I see the whole thing as a dead-cat bounce phenomenon. Whatever method you use if you do not follow the proper rule of risk management, it will have...
I'm reducing risk and taking a few positions off the table on the HK Market. We have a great run in the last few weeks. Price is at the top of the channel and I cannot see much upside from here. 29,000 at max. On Friday, it is the Hong Kong Retail Sales YoY data, I am expecting it to be negative because of the Hong Kong Protest. Source - Trade Economic. Hong...