This was what happened yesterday during Deepavali. HSI crash 6%, HS Tech drop at least 10%. Many investors sell out in fear. Foreign investors pull out of HK. Did you panic and cut loss? Many people share that this may be capitulation. What do you think?
Capitulation
According to Investopedia,
Do you think Capitulation has happened? It may be and it may not be in my opinion. If it is capitulation, it generally means that we are likely nearer to the bottom than the top. Seller exhausted and reversal happen for uptrend…
Today 25 Oct 2022
If you look at today, the HSI up when opening (perhaps due to short cover) and then close flat at the end of the day. Then if you just do a simple google, everywhere are bad news about HSI, CCP etc.
The crash yesterday many people shared that it is due to Xi announcement of Key personnel which are all his loyalist....