USDSGD Long on on retracement?
Look at the 2 key levels for USDSGD....Macro wise, I might still favour a dollar long...
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HK Stock Pick - 336HK - Hubao Intl
If you still haven't been looking at china stock,336.HK - HUABAO INTL looks very good from the chart!! One of its subsidiary, Xiamen Amber intends to list on the 3rd board in China. No ceilings from its chart. Meanwhile, onto the theme from China, one road, one belt will be massive. Do search on stocks related on these stocks. I will give an update on these stocks in another time. On HSI, it seems very much a long and I will be expected 30K HSI points at least till end of year. Support @ 27k points remains very strong and one could likely initiate a long @ around 27k points. Lastly, to subscribe to marketinout.com with a discount, do use 45K2D47BXG as the discount code!
Thoughts on the China/Hk Bull .....
Over the last 2 days, both China and HongKong market were up by a ridiculous amount. See attached. When I was still with my ex employer, one of my colleague cum mentor told me not to waste much time on the Singapore market. " Look at the market where the funds are, you will be greatly rewarded", he said. Indeed, he was really right. There was no turning back once I look at the HongKong and China market as it was during the time when the HongKong Shanghai connect was about to start. Thus, my focus was very much on the potential bull. Market was massively positioned for the bull but what about my clients (ex clients) who the majority are based in Singapore or are Singaporeans? They couldn't give care less as they have no experiences on foreign markets and they are afraid of venturing into more uncertainty in the world of stock market. Below is the screenshot of CGS (6881.hk) , probably the call of the year. :P The idea behind the call was simple : MSCI addit...