Oh, by the way, don't talk to me about divergence or company bankruptcy or anything like that. Look at Xiaomi's weekly chart, the MACD is green, right? It's green and still rising, do you understand what that means? Because only super strong stocks can show divergence and still rise. $XIAOMI-W(01810.HK)
Hong Kong Stock Market Quick Review:
Today, the comment section is filled with wailing. What I want to say is, if the mysterious forces don't control the temperature, it will truly become a mad bull market.
If you look at various bank stocks or dividend stocks in the A-share market, you'll find that they dragged down the index today. Then, the A-H linkage kicked in, and as the A-shares crashed, the Hong Kong stocks followed, dragging everything else down with them. I can even say that this is the happiest day for the bears, with eye-catching phrases like 'It's falling,' 'Time to harvest the naive investors,' 'Big plunge,' as well as 'Upper shadow line,' 'Volume surge and plunge,' 'The peak of this round has appeared,' etc. My advice? Block me.
Bull markets often have sharp corrections—this is a good thing, as it means we're in a bull market. The most important thing in a bull market is to sit tight and hold on, not getting off until the final stop. Avoid excessive day trading and selling too early, and don't pyramid your positions. Another thing: someone asked today what 'forced conversion' means. I suggest checking with Yuanbao—ask Yuanbao what 'strong vs. weak conversion' means for USD to HKD and its implications. Yuanbao's explanation will be clearer than mine.
$TENCENT(00700.HK) $XIAOMI-W(01810.HK)
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