China Stimulus Recovers Hang Seng Index
Sep 30, 2024

HSI

Hang Seng Index with ticker HSI is in new recovery mode as China launches a stimulus package to pull economic growth back towards this year’s roughly 5% target. Looking at the monthly HSI chart, we can see it trading in a three-wave A-B-C rally within wave D of a larger bullish ABCDE triangle pattern, which can now send the price towards the upper triangle line near 25k area before we will see a new wave E slow down.

China Stimulus Recovers Hang Seng Index HSI Monthly Chart
HSI Monthly Chart

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