Is It Time For a Rebound Yet?
Strong Open
The Hang Seng and Hang Seng TECH Indices opened up with strong buying. Is it time for a rebound after a roughly 30% drop?
Major Inflows in Chinese ADRs
There was a huge inflow of capital towards Chinese ADRs at the end of the trading day on Friday last week. That inflow of liquidity was absorbed by Chinese equity markets as these tickers sold off the following trading day in china. I posted comments about this in the link below.
Will This Bullishness Hold
It is still too early in the day to call it, but today's strong open in china could possibly be a continuation of the inflows we saw in the U.S. last week. There is a strong news catalyst to support the bullishness today. I hope the intraday rally holds strong. 💪
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102640653 : The strong showing is not in China a50 index as well
102640653 : Is only based in hongkong stocks today. Outperform from China. The minute it touches 14800 on hangseng index there was strong buy up
HappyGotLucky : CSI 300 is still dipping...
Kaya papa :
SpyderCallOP HappyGotLucky: I wonder why?
SpyderCallOP 102640653: it looks like everything wants to go green. I hope it will hold.
102640653 SpyderCallOP: Yes it picked up a bit after lunch . Strong performance is on hongkong index actually. Hope it can hold its ground
Joejj : Despite the rally today, Shorts are still heavy on HK Stocks. It would take a couple more days to see. If it does comes with a squeeze, it might be huge. If it did happen.
MiddasHBK : No way is there a rebound. A drop is definitely more likely in the current standing
SpyderCallOP :