Simple analysis and being opportunistic

Today, the Hang Seng Index is trading at 19,113 points.

The chart below is on a Monthly basis, not my normal weekly series.

Yes, the index has previously traded to 3 standard deviation below its monthly mean.

and Yes, it has previously touched its 200 Month Moving Average.

But it has never traded this much percentage below its 200 Moving Moving Average.

More importantly, the Hang Seng has never made an Oversold reading on a Monthly basis.

I’ll watch if it holds the 18,278 low seen in February 2016.

Will the Hang Seng Index continue to exist?

Will the Stock Exchange of Hong Kong (SEHK) continue to list the securities of various companies?

If so…..this may be the only piece of analysis required.

March 15, 2022

by Rob Zdravevski

rob@karriasset.com.au