Hello crypto-world!
As these days I am not so busy on morning time, I am taking a look of these two Indexes in the Hong Kong Stock Market; the Hang Seng Index (HSI) and the Hang Seng Tech (HS Tech).
The HSI has a bearish tendency since more than a year. When it down the 20,000 points (March-2022) I tough it will finish the bearish tendency.
But the bearish continued. HSI got under the levels of 2016 when hits over the 18,281 points.
Three weeks ago, HSI touched the 18,000 points.
Last 11 October it got down over 17,000 points. Chart in days.
Closing today October 18 2022 at 16,903.05 points (1.82%), with an interesting hammer for reversion.
Has been ended the bearish road for HSI? Till last week, I was expecting it would get over the 15,000 points soon. But now, who knows what will happens?
This looks like the longest bearish period for HSI.
HS Tech
The HS Tech, which is equivalent to the NASDAQ, ends today at 3,336.25 points (4.25%), with a very similar patter than the HSI.
In monthly chart HS Tech follows the HSI since 2021 in the bearish tendency.
The historic began in 2020 as HS Tech was created on 27 July 2020.
In the meantime, lets see what is doing this week and maybe it could be a good idea to put some assets at your portfolio; nevertheless, we need to have present the geopolitical conditions are uncertain to think if the bearish is done for HSI and HS Tech, as well as for the Hong Kong Stock market in general.
Have a great journey everyone!