Recently, Hong Kong stocks have corrected, and the correction in individual stocks is significant.
However, looking at the Hang Seng Index chart, it is still a wave higher than the previous wave, so there is no need to worry too much.
Yesterday opened low and closed high, producing a large bullish candle, and opened high again today.
If it can continue to rise, the momentum seems to accelerate, getting out of the sideways pattern.
Autos stocks are recovering, but they fell too quickly a few days ago, so it is better to observe for a while.
In a volatile market, one should deploy defenses against declines when the market is falling.
If the rise is too fast, it's better to miss out than to chase high.
Opportunities in the market are increasing, missing one opportunity means looking for the next.
The US stock market has clearly rebounded, showing signs of having bottomed out, those who have bought US stocks can continue to purchase.
If the US stock market has bottomed out, the heavy pressure on the Hong Kong stocks will finally be removed, making the outlook favorable.
$Hang Seng Index (800000.HK)$