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| Daily chart (Source: investing.com) TA view for illustration purpose only |
Jan to mid Mar mainboard average trading value: 226.57B
mid mar to Apr mainboard average trading value: 164.50B
difference: -27.40%
Observation:
HK enjoyed good trading vol and good sentiment since Jan to mid Mar. But from mid Mar to Apr ave trading vol shrinks 27% and HSI stuck within range for 1.5 months ( 27500 - 29400)
Outlook:
expect the rangebound pattern will be continued to May until significant trading vol breakout above 200B and can sustain for 3 days.
ETF recommendation for long term income:
SSIF DCE Iron Ore Futures Index ETF HKD 3047
by ckchoy