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The objective of this blog is to provide some basic China stock market knowledge and news to the investors, so that they will not miss the great opportunities amid the secular bull market of China.
The objective of this blog is to provide some basic China stock market knowledge and news to the investors, so that they will not miss the great opportunities amid the secular bull market of China.
Bullish Hong Kong analysts expect the Hong Kong HSI to test its 250-day moving average, which is around 21,000. As said yesterday, most analysts and brokers believe the HSI is going to test 21,000 soon and some of them eye 22,000 in the medium term. They say breaching the 250-day moving average will signify the beginning of a bull market. The ratio of the HSI callable bull contracts to HSI callable bear contracts yesterday was 34:66 versus Wednesday's 49:51, showing that punters expect a pullback.
(12 pm Friday, February 3, Report by CSV)