What now after the rally ?
Oh come on, just because you are enjoying the party does not mean the DJ is to continue spin the music and prop it up, ya ? He too needs a break before continuing the part 2 of the party.
So we can see from the chart that it has reached a resistance point , same as Jan 2023 and given the fierce rally over the last 1 week or so, it deserves a pull back. Not forgetting there are many who had been holding to their paper losses for the last few years may want to get out of the market , break even , make a small profit and thus there are selling here, which is expected.
To me, this pullback is another opportunity to accumulate the shares of the amazing company that I am already vested or would like to get my foot in after doing the research. The retracement to 20,104 is more unlikely imo, just a hunch , could be very wrong as this bull run is an unusual one. We have one more day before the mainlanders return to the market and looking at how the system crashed in the securities firm from opening of new accounts for new investors, it is a sign that the weak hands are entering the market.
So, I am studying the market and observing the trend first before taking action. No hurry.........
Please DYODD
So we can see from the chart that it has reached a resistance point , same as Jan 2023 and given the fierce rally over the last 1 week or so, it deserves a pull back. Not forgetting there are many who had been holding to their paper losses for the last few years may want to get out of the market , break even , make a small profit and thus there are selling here, which is expected.
To me, this pullback is another opportunity to accumulate the shares of the amazing company that I am already vested or would like to get my foot in after doing the research. The retracement to 20,104 is more unlikely imo, just a hunch , could be very wrong as this bull run is an unusual one. We have one more day before the mainlanders return to the market and looking at how the system crashed in the securities firm from opening of new accounts for new investors, it is a sign that the weak hands are entering the market.
So, I am studying the market and observing the trend first before taking action. No hurry.........
Please DYODD
Note
An important area that is worth mentioning -theedgesingapore.com/news/china-focus/hedge-funds-pile-china-looking-any-way-gain-exposure
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