Looking at the Hong Kong market, Monday will be the start of the new Hang Seng Tech Index and judging from the price action movement in Nasdaq over the last 1 week, the index might not start well however Nasdaq seem to recovered slightly on Friday and major Nasdaq components (Apple, Amazon) and semi conductors (Nvidia) recovered from its intraday lows. Its weekly chart is still in an overbought state and probability of retracting is higher.
Will look to cover the following next week in lieu of the HSTI on ATMX:
- Alibaba
- Tencent
- Meituan
- Xiaomi
Nasdaq Daily:
Nasdaq Weekly:
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