Personally, fibs is one of my favourite indicators. We can see that HSI rebounded after touching the 61.8%-line of red fibs. With the support of the uptrend line, we could predict a further price surge.
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Wednesday, April 21, 2010
Further HSI surge (2010-04-21 HSI analysis)
With the volcano eruption in Iceland, the stock markets are just as unclear as having clouds of ashes above our heads. News like rocketed profits in iBanks or frauds in them could lead to different ways. While we might not know which outweighs which, we could rely on technical analysis. Let's see the HSI daily chart.
Personally, fibs is one of my favourite indicators. We can see that HSI rebounded after touching the 61.8%-line of red fibs. With the support of the uptrend line, we could predict a further price surge.
Personally, fibs is one of my favourite indicators. We can see that HSI rebounded after touching the 61.8%-line of red fibs. With the support of the uptrend line, we could predict a further price surge.
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