Reaching new heights in the laser industry? July 24-25 review

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A very nice Western restaurant is located on the 4th floor of the International Finance Centre; besides the floor-to-ceiling windows facing Victoria Harbour, the semi-buffet style appetizers and desserts are also worth mentioning. Occasionally, different local celebrities visit.

After the Hang Seng Index officially broke through 25,000, it continued to rise steadily. Even though it fell nearly 300 points last Friday, the overall trend confirms an upward trajectory. As long as it doesn't close below 25,000 this week, the upward trend can still be confirmed. In this case, the next key levels would be 26,000 and 26,200.
In terms of tech stocks, the trend remains relatively stagnant. After breaking key points, there hasn't been strong follow-up rise; $TENCENT(700.HK) only saw a satisfactory rise for one day after breaking the key point of 522, followed by two days of narrow fluctuations. However, compared to other large tech leaders, Tencent's performance is the strongest. As long as it doesn't close below 540 this week, there's still a chance for further upside. $BABA-W(9988.HK) once reached 120 after breaking the sideways range of 108 to 118 for the first time, but there wasn't enough buying power to keep it above 120 for three consecutive days. This week's focus is whether it can stay above 118 for two or more days. $XIAOMI-W(1810.HK) remains dull, with the key point being whether it can clearly stay above $JD-SW(9618.HK) and $MEITUAN(3690.HK) are still the weakest, basically in a downtrend, so no trading plans are considered. $KUAISHOU-W(1024.HK) quickly pulled back after breaking the key point. The future focus is whether it can hold the key weekly chart level of $SMIC(981.HK) has been waiting for the semiconductor sector to show signs of an upward trend again. After breaking the first key point, the resistance has shifted up to 55. The next target should be challenging the historical high.


In terms of other active stocks, $SENSETIME-W(20.HK) suddenly surged; however, I've never had much interest in this stock, categorizing it as part of the "scumbag" series. This stock can easily show unusual rises followed by rapid declines, making it very unfriendly to retail investors. $LAOPU GOLD(6181.HK) has clearly shown signs of peaking. If it falls below 750 again, the overall trend will reverse. $POP MART(9992.HK) may have already hit this year's high, as previously mentioned. Now, the focus is whether it can hold above the key support level of $HORIZONROBOT-W(9660.HK) has consolidated effectively and may be preparing for another strong move; the key point is $A GX HSCEICC(3416.HK) as the most important defensive position, which continuously generates passive income (dividends) to fund speculative long positions. However, it's worth noting that as the HSI rises unilaterally, the dividend from this active ETF isn't guaranteed and may adjust. Since I'm holding long-term, minor fluctuations don't matter. However, since the ETF holds underlying stocks, its price can also rise, keeping overall returns positive. On the other hand, $A GX HSTCC(3417.HK) may outperform in terms of yield because the tech index's implied volatility is generally higher, and recent movements have been volatile without significant gains, which benefits option premiums.

Reflection
With the recent bullish market sentiment, everyone's returns have been quite good. It's reasonable to see good returns in a strong market, so don't overestimate your own abilities. Instead, while respecting the trend, closely watch for any reversal signals. Making money isn't hard, but preserving significant profits is the key. As long as you have a safety net, you can continue to push forward aggressively.

Deployment
Recently, besides southbound capital, there are rumors of other funds entering the Hong Kong market. Korean capital is one of the main contributors. $GX CHINA TECH(3448.HK) is one of the ETFs favored by Korean capital. This ETF focuses on covering China's future tech sectors, including biotech, robotics, AI, EV equipment, etc., but excludes internet tech giants. This could significantly improve performance since internet giants like ATMJ are already mature with limited growth potential, and many other ETFs already cover them.


As mentioned last week, the semiconductor sector $GX CN SEMICON(3191.HK) is showing signs of movement. The long position in $HUA HONG SEMI(1347.HK) has risen quickly. The semiconductor sector may see a breakout soon, so watch for short-term trading opportunities. The long-term positions in insurers $CHINA LIFE(2628.HK) and $NCI(1336.HK) continue to rise. For such long-term stocks, trailing stops are usually set along the EMA50. The same method applies to $LINK REIT(823.HK).


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