Beyond technical signals, several fundamental factors support the case for going long on the Hang Seng Index:
Economic Resilience: Despite global economic uncertainties, Hong Kong has demonstrated resilience. The reopening of China's economy and the easing of COVID-19 restrictions are likely to boost business activities and investor confidence.
Corporate...
Technical Analysis
Support and Resistance Levels:
Support Level: 38,000 is identified as a significant support level. If the DJIA stays above this level, it suggests strong buying interest and confidence in the market.
Resistance Level: Identifying the next resistance levels above 38,000 can help predict potential upward movements.
Moving Averages:
50-day Moving...
