HANG SENG INDEXLong
Trade HSI
HSI has been trading in range but still an overall bull the past few years.
HSI is likely to continue to rise but in ranges. Those who understand China and Hong Kong will know there're a number of very compelling bull and bear factors on the horizon.
HSI P/E at historic low of ~10x only -- historically always a long-term win when entered at this valuation
Best way to trade this is via a "combination method" using a combination of below:
* enter / exit at retracement levels
* RSI shows oversold / overbought
* MACD divergence confirming bottom a bonus
* candlestick reversal (eg three white soldiers currently) a bonus
HSI is likely to continue to rise but in ranges. Those who understand China and Hong Kong will know there're a number of very compelling bull and bear factors on the horizon.
HSI P/E at historic low of ~10x only -- historically always a long-term win when entered at this valuation
Best way to trade this is via a "combination method" using a combination of below:
* enter / exit at retracement levels
* RSI shows oversold / overbought
* MACD divergence confirming bottom a bonus
* candlestick reversal (eg three white soldiers currently) a bonus
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