Rebound Likely Imminent

Overdue rebound likely imminent with HSI mired in nearly 2800-point fall from May 3 closing of above 30,000. Still, need to bear in mind that any rebound likely technical in nature and driven by short-covering. Short-selling ratio Monday at 16.2%, staying above 15% for record-breaking 9 consecutive trading sessions. Another indicator was withering trading volume, but most indicative of all perhaps this:

【中美貿易戰】劉央轉軚：恒指28000水平已沽空
金融經濟 16:52 2019/05/24

一直看好股市的西澤投資主席劉央轉軚看淡，今日出席一論壇時劉央公開表示，自己早於恒指28000水平時，已作沽空。

中美貿易戰愈演愈烈，目前發展至雙方的科技次戰，劉央對中美關係感憂慮，並擔憂會演變成「金融戰」。

劉央近期受市場關注的言論是於騰訊南非大股東Naspers大手減持後，在去年4月時揚言看好騰訊（00700）股價可升至1,000元，惟其後騰訊股價重挫，一度跌至250元水平，到去年10月底才見回升。