Disclaimer: The contents are for general opinions and do not constitute any investment advice. All remarks are solely for your information purpose and should be treated as education only. Trading and investment involving monetary fund carry RISK.
A New Rise in Tech Stock
This Week Highlight - A New Rise in Tech Stock
The whole world is expecting a new market lightning will take place in Hong Kong on 5 November. That's the day when Ant Group will be trading for the first day in Hong Kong and Shanghai Star board!
The Ant Group has successfully raised USD34.5 Billion for the public trading. The market capitalization on the first trading day will exceed USD300 Billion. This is a company just started 6 years ago and spin off Alibaba Group Inc.
Before Ant Group goes public, many tech stocks in Hong Kong have already risen this week. Despite Dow market fell throughout the week due to worsening coronavirus outbreak, Hong Kong market has seen good volume and bargain-hunting in some good counters. For instance, Tencent Inc has soared to new high in Hong Kong!
Once Ant Group starts to go public listing on 5 November, it will be grouped into the Hang Seng Tech Stock Index and adds weight to the composite benchmark. This has successfully fed the strategy of Hong Kong Administrative Government.
Since the security law commenced in July, many international investors have lost faith in Kong Kong for it's future in commercial and banking potential. Moreover, the U.S. Government has erected China as the sheer enemy and threatens to unpeg the USD/HKD exchange rate.
Investors are worried of a freefall in Hong Kong currency. In addition to the impending removal of trade privileges by the U.S. Government, the expected flight out of money from Hong Kong has added pressure on Hong Kong Dollar. But now, the listing of Ant Group has managed to attract much fund into Hong Kong. Moreover, Shanghai market will also experience a rapid shore up of investors fund into the equity market.
After the correction Euro-Am markets, we reckon the immediate recovery will start from Tech stock sectors again. Combining financial services, technology and blockchain, the future of our world will be encompassed by clicks of handphones via apps with almost instantaneous solutions for our lifestyle and financial matters.
If you wish to find out some potential stock instruments that we have mentioned in past 2 weeks, refer to our OTOP (12) and OTOP (13) episodes that have shown you good selection in setting up an investment. Follow us on every Monday and take a reference from us for your wealth building.
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The U.S. stimulus worth USD1.9 Trillion has been approved by the House and waiting to be signed into law by President Biden. Target timeline to complete the signatory on the dotted line is today, 14 March 2021. That also means President Biden has to execute his pen power in order to continue the issuance of unemployment benefits to low-income Americans after the expiry date. Last week, Dow Jones market clocked the historical fresh high again on Wednesday when it closed at 32,297 points. The worries on inflation pressure as an eye-washer to long traders have become a bear-trap. Sometime back, we have mentioned in this snippet on the ironical sarcasm of inflation in U.S. economy while so many Americans are cash-strapped due to loss of jobs. Since we are expecting the U.S. stimulus to be rolled out in March, the expanse of this public fund will be able to last for estimate 5-6 months. Practically, we expect the inflation will build up at strongest level sometime in mid-April to end
Hello everyone. It’s a bit late to do analysis for trading today. Here is my analysis support and resistant guide for your. FUTU support level is 123 now. Please take note. It must close above 126, then, you can continue to hold. Otherwise, your sell some profit first. To average down your cost. Once the price breakdown 123, will look for the support at 116. If the price breakup 126 and we can continue to hold. I will give your future resistant. TESLA for short trade, it went to above 600 and drop again. It still look’s good. If not breakdown to 550 again. We still look for TESLA sideway between 550~600 for the next 3 to 5 trading days. APPLE, no matter how still at the normal price range movement. Support at 122, resistant at 128. I dont think it breakdown 120 yet. Still can hold for long term. NIO looks went to 34.9 and drop again. If it hit 32 and not breakdown, it can hold for long term. It look’s good for NIO. Dont need to worry too much. Anyway, market movement we cant predic
After the price movement and Q1 2021 Financial report, FUTU Just hit above 130 yesterday premarket. So, I provide 120 as support level. Because the prive movement, the market support level is up. Once breakdown 124, i suggest take profit first. 130 still today’s resistant. Once can stay above 130, we look for next higher resisant at 140.If the price breakdown below 120, please do not buy as low first. Next support level at 112. Good Luck.