--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42564968.md" description: "A few old-timers in the Hang Seng Tech sectorTencent, Xiaomi, Alibaba. Is the bottom of this round the end of the downtrend, brewing a new market trend?Or is it just an oversold rebound?Continuously observing.Tencent's major resistance level: 500Alibaba: 118Xiaomi: 28I think investing shouldn't involve mental inertia. I had a mental inertia towards Chinese stocks before, which caused me to miss the STAR Market. Many people in the community haven't played US stocks for many years and have the mental inertia of US stocks rising infinitely; they probably haven't experienced a major bear market.Everything is just cyclical." datetime: "2026-07-10T04:01:39.000Z" locales: - [en](https://longbridge.com/en/topics/42564968.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42564968.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42564968.md) author: "[钢铁纪律](https://longbridge.com/en/profiles/13301109.md)" --- # A few old-timers in the Hang Seng Tech sectorTence… ### Related Stocks - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [07226.HK](https://longbridge.com/en/quote/07226.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Comments (15) - **左岸88 · 2026-07-10T06:48:31.000Z · 👍 1**: Still better not to touch Chinese concept stocks. Domestic consumption is weak, they get beaten up. Hong Kong stock policy fluctuations, they get beaten up. The big trade war, they get beaten up. The US stock market itself is weak, they get beaten up. Wherever there's weakness, Chinese concept stock - **钢铁纪律** (2026-07-10T07:16:56.000Z): No market should form a fixed mindset; there is no forever rise or forever fall. I have even made a decent profit in the Indian stock market. - **钢铁纪律** (2026-07-10T07:19:16.000Z): Throughout the entire bear market of 2022, if you told your friends you were trading US stocks, you'd be laughed at. That was the worst market, it crashed, and it will take at least ten years to recov - **大司马桓温 · 2026-07-10T05:34:54.000Z**: Will SanDisk return to its previous low next week, or is it more likely to continue its recovery after a pullback? Should we watch SK Hynix's performance tonight? Brother Gang - **钢铁纪律** (2026-07-10T06:15:56.000Z): I'm inclined to think it will continue to pull back a bit, as I mentioned yesterday that this is a possibility. - **卖卖空调来补仓 · 2026-07-10T04:45:39.000Z**: Most likely an underestimation in the reply. If tech stocks rally, they'll still be bled dry. - **洺燕堂413 · 2026-07-10T04:17:50.000Z**: Agree 👍 The market is ever-changing, always be prepared with comprehensive response strategies! - **左侧+耐心 · 2026-07-10T04:10:54.000Z · 👍 1**: Thanks for the reminder, Brother Gangtie 🙏🏻 It's easy to get stuck in a fixed mindset when you've been in one place for too long. - **做t小能手 · 2026-07-10T04:05:45.000Z**: I'm heartbroken by Alibaba. Although I ended up making a small profit and exiting, now in the Hong Kong stock market, except for 2x SK Hynix and Samsung, I won't touch anything else 😭 - **钢铁纪律** (2026-07-10T04:23:00.000Z): There's no need to have a strong opinion on a particular stock. Just as I mentioned before, some people have made huge profits on MSTR, while many more have suffered huge losses. - **钢铁纪律** (2026-07-10T04:23:33.000Z): The market is constantly changing; some people have made fortunes on SNDL while others have gone bankrupt. - **三思又三思 · 2026-07-10T04:05:42.000Z**: I've already bought some Tencent - **lin131 · 2026-07-10T04:05:05.000Z · 👍 1**: Teacher, how is this kind of major resistance level reasonably inferred? A beginner here. - **钢铁纪律** (2026-07-10T04:25:53.000Z): You can even ask GPT to calculate it for you, I'm looking at the waves