Will HSI breaks out of resistance today ?

see chart

Kommentar:

Praise the Lord. Among many indices, this is one of the worst performing index YTD. It has a negative 20 over % returns due to many reasons, national security law, political riots, Covid-19 2nd wave ,etc.

However, there is light at the end of the tunnel as many mainland companies like Tencent, Alibaba are also listed in HK and they are doing well YTD. The ones that suffer are the companies that operate their businesses in HK solely like the banks, retailers,etc.

Kommentar:

Praise the Lord and congrats to those who followed.