Dear readers, the Hong Kong Hang Seng Index (HSI) is currently trading at 17,670, which is around the support of 17,500.
Among the HSI component stocks, there were no oversold HSI component stocks. Two HSI component stocks were however overbought and they are:
1093.HK CSPC Pharmaceutical Group Limited
1810.HK Xiaomi Corporation
CSPC Pharmaceutical Group Limited stock currently trades at around HKD $7.01 and year-to-date, the stock is down by around 15.8%, but is up by 27.8% in the last one month.
Xiaomi Corporation stock currently trades at HKD $15.92 and year-to-date, the stock has risen by around 41.9%!
I hope you find the above insights useful. Please do note that this is not a recommendation to buy the above two stocks. Always do your own due diligence when it comes to investing.
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