20221219

19 Ara 2022

Apparently, we are still in a bear market. SSE surged 20% in July and 12% in December respectively, and encountered strong resistance at 0.618 Fib area. If SSE make a fake break out at 2863 and stand above the previous low, it will highly likely to start the real bull market.
Considering the covid 19 policy in China, the national outbreak is happening right now. Estimately, it will finish by the end of second quarter 2023 as most people already got covid at least once, herd immunity. After that, the tourism, customer consumables and other industries that hardly surviving in the past 3 years will bounce back. The key area need to focus include beverage manufacturing and tourism.