We can see that HSI just broke the fibs. But the fibs would give more support and HSI would be more likely to have a rebound. Blocked by the red downtrend, if the index is confirmed to break the fibs, the next support would be at 19404.
Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Thursday, May 6, 2010
Sell! (2010-05-06 HSI analysis)
Following the market's "worry" about the insufficient bailout to Greece, stock markets retreated very greatly and HSI fell more than 400 to 20327.54. The PIIGS seems to have even worse news to be announced. Being more likely to keep the bearish after a short rebound, investors should seize the opportunity to SELL at the rebound.
We can see that HSI just broke the fibs. But the fibs would give more support and HSI would be more likely to have a rebound. Blocked by the red downtrend, if the index is confirmed to break the fibs, the next support would be at 19404.
We can see that HSI just broke the fibs. But the fibs would give more support and HSI would be more likely to have a rebound. Blocked by the red downtrend, if the index is confirmed to break the fibs, the next support would be at 19404.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment