Technology Stock Investment Guide
【Technology stock trend】Technology is heating up again, and can this wheel rise much more to the bottom?
Author: Futu Securities Chief Analyst Tam Chi Lok
$Hang Seng Index(800000.HK)$$ Hang Seng Index (800000.HK)$ Incentivize 24000 points. Technology shares rise, $Hang Seng TECH Index(800700.HK)$ A repeat of the 6000 point close was immediately followed by the February 27 high of 6085. In addition to the positive fiscal policy that benefited from the two sessions, Hong Kong stocks rallied again. The following two factors should also be kept in mind.
Two Benefits of Technology Shareholders
US Stocks Recover and Uncertain Factors Likely to Eliminate
Hong Kong Stocks Peaked, Losing Over Two Trading Days at the Same Time $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ There are also signs of a rebound, with markets (including writers) worried that adjustments in US stocks will cause global stock market volatility. Hong Kong stocks or European equity markets that have been stronger globally over the past week (e.g. $German DAX Index(.GDAXI.GI)$ This has led to a rise in risk-averse sentiment, but market sentiment and technical trends have been driven by a gradual change in sentiment on taxes, and market sentiment and technical trends have moved more slowly in the US economic data to date. The loss of two trading days eliminates the volatility of the US shares, $U.S. 10-Year Treasury Notes Yield(US10Y.BD)$ US bonds have a bearish outlook. Declining Bond Prices Can Be Considered Important Indicators of Market Stability.
AI Manus Raises the Technology Rush
The launch of AI MANUS reinforces the market's outlook on Chinese Technology stocks, which is a key factor behind DeepSeek's emergence as a driver of emotional heat. As more and more different AI models are launched, the market sees the economic impact of related AI products, and the whole story of Technology business value increases will continue. Investment management is the same today, and the current market is not stronger compared to a particular location or company, but the diversification of all technologies has led China's investment in Technology back on the track, which is the core of the valuation.
Jevons Paradox
On this year's AI investment topic, there is one thing investors need to know about in US and Hong Kong stocks: the Jevons Paradox. Bullish in all the investment markets today is the main reason why the investors mentioned it several times in the February investment talk and share it today.
This statement, put forward by a United Kingdom economist in 1865, suggests that when technology advances to a certain degree, the increase in the efficiency of using resources leads to lower costs, leads to increased demand, and the demand for all technologies and related products, and the popularization of all technologies and related products. The discovery of DeepSeek, and it's not that this technology is particularly powerful, is that the operating cost of AI has dropped to scalable levels in the future, and that's why there are so many different AI's design.
This is an extremely important signal for the Chinese market, since the emergence of the Jevens proposal from the past is a reference to the investment opportunity in the Chinese market. China has strong advantages in production and mass production, such as new technologies such as smartphones, smart home electronics, optical products, electric vehicles, etc. It is precisely this reason that the market is rapidly revaluing the Chinese technology industry in China, and it is precisely this reason that the market is rapidly revaluing China's technology sector.
From this point of view, the price index and the exact conditions for the valuation of the entire Stocks market are further increased, which is why people are moving away from the main principle that the Target Price is not large, and now they are looking forward to another wave of appreciation. The latest Index Target Price, which may be expected to be published in the March 2024 Earnings Reports, may be seen in April.
Conversely, in short order, the full-year earnings and recovery and earnings guidance and expansion space are not to be missed, this month's earnings release is not something to be missed, which is another reason for the stock market's strong momentum.
Technical Analysis of Technology Stock Trends
The Hang Seng Index's technical upward trend today shows the latest Gold Crossroads to emerge as the latest Gold Crossroads of 50TSLA-Antenna rise above the 100TSLA-Antenna lagging index indicate. At present, the moving averages have been in a multi-pronged position, showing good for the entire mid-term post-market. In a simple strategy, picking up a portfolio, especially if stocks are heavily leveraged or indexes fall back below MA10 or MA20, can be a more volatile investment component.
Outside of this, it seems that the Hang Seng Index has risen for two days, but the Candlestick chart has already shown a three-pointer, and a 1400th reading has been made. This is the favorable pattern of the Three White Warriors. However, the short line has a super-adjusted pressure, but the pressure on the short line is temporarily superadjusted, but the market is moving after the mid-term The trend is inexplicably attributed to the good. Finally, Indicators MACD showed a rise in the high gold cross section of the day, and Hong Kong shares have moved slowly into the Bull-1 market, which is the expectation of value.
Investors can be satisfied with the performance of the cash on hand, with only the average daily ROI remaining above 200 billion, which is not the case after the market in the mid-term. Thus, the dynamic growth of the financial cycle is showing, removing the strong growth in Technology stocks, not least the real estate stocks and Technology stocks following this surge.
As for Technology indices, the aggregate presence and error indicators are not large, the difference is only in the beta nature of the constituent shares, which is related to the sensitivity of the economy. It seems that the regulatory strategy is fundamentally the same. Beyond the choice of technology stocks, the focus is on the rise in the City. In the Technology Block Sector, the preference is now to choose stocks with strong fundamentals and rich investment materials. For example, related Stocks that hit early February highs compared to the benchmark index, such as $TENCENT(00700.HK)$ 、 $KUAISHOU-W(01024.HK)$ 、 $BABA-W(09988.HK)$ , $JD-SW(09618.HK)$ , $MEITUAN-W(03690.HK)$ $AAC TECH(02018.HK)$ $SUNNY OPTICAL(02382.HK)$ And so on.
Technology Stock Summary
Technology indicators have been strong so far, especially for investors who have missed the boom years, and are temporarily out of stock market solutions without you having clear new investment goals. Stocks are supported by fundamental reasons for their ability to rise to price. But in the worst of times, there is no reason to rush in the good times, which is the view that the patient has persisted in for a year. references $HSBC HOLDINGS(00005.HK)$ Just a good example.
Technology Share Presentation?
Here are the sectors and stocks that can be mentioned in investment talks or articles and related sectors and stocks that are likely to be among the beneficiaries of the outlook ahead of the economy.
Large Technology Stocks
Cars Stocks
Cloud Services Shares
Equipment-related stocks
Optics Energy Shares
Non-essential consumer stocks
Required Consumer Stocks
Inner silver
Internal insurance
TELECOMMUNICATIONS
(The author is a licensee of the Securities and Exchange Commission and its affiliates do not have any financial interest in the proposed issuer of shares)
