UPDATE: Hong Kong close to target 1 Cup and Handle formed on HK50
Broke above and has been performing great to the upside.
Also
Price>20 and 200
Target 2,6944
Here are some fundamental reasons for the continued upside
🏦 Mainland money flows — Chinese mainland investors are buying Hong Kong stocks in a big way (via Stock Connect), drawn by lower valuations vs onshore markets.
🚀 Policy & stimulus hopes — Beijing is giving signals of increased support (housing, infrastructure, tech), which lifts sentiment.
🎯 Tech / big-names leading — Earnings beats (like Tencent), large secondary offerings/IPOs, and strong performance in tech / AI sectors are helping pull the index up.
Financial Times
💸 Relative yield attraction — Chinese onshore yields are low / less attractive, so investors are finding better bang for buck in Hong Kong equities.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
