Home Personal Finance & Investment Is the Hong Kong Stock Market Really in a Bull Market?

Is the Hong Kong Stock Market Really in a Bull Market?

Option JackPosted 2 months ago

Senior full-time trader in international financial markets. 35 years of practical futures and options trading experience with CME in the United States Former institutional investor trader Economic weekly options columnist Guests on Now Financial Channel’s Financial Management Program Guests from Metro Finance Channel’s Retail Investors The strategy king’s live broadcast expert breaks down the game as a guest Columnist of Phoenix Hong Kong Stocks and AM730 Best-selling books: "30 Years of Speculation in the Trading Room" and "What Day Is Not Trading" both ranked among the top 3 bestsellers.

1

3

Is the Hong Kong Stock Market Really in a Bull Market?

Since the Hang Seng Index fell below 17,000 points on September 11, the Hang Seng Index has risen for 11 trading days among the 12 days. From last Tuesday (September 24) to Thursday, investors may return home in order to find a way out of their trap. As for selling holdings, the situation changed from last Friday to this Monday (September 30). Instead, investors rushed into the stock market to chase the rise. On two consecutive trading days last Friday (0927) and Monday, the trading volume of Hong Kong stocks Breaking a record high, the financial media reported headlines one after another, and many stock gods suddenly appeared on the online platform. The situation aroused the mood of investors.

The rise in the Hong Kong stock market that started on September 11 is no less than the rise in early November 2022 in terms of time and amplitude. The rise that started on November 1, 2022, within three weeks of the first wave , with a range of more than 3,700 points. This time, the range is more than 4,400 points. The rebound after falling below the bottom of the wave began in November 2022, and then it exploded in early 2023. This time, it exploded after the bottom in the middle of the market.

To read the full content, please subscribe to our premium

Join Now

1

3

Copyright ©2024 Fortress Hill Media limited. All rights reserved