Above is the daily chart for CSCL (2866.HK). It is currently moving upwards to test the resistance for the second time. Thing that I notice which is worth mentioning is that 50-day SMA cross 250-day SMA from above but 10-day SMA cross 20-day SMA from underneath. The former shows a bearish signal (long-term) while the later one shows a short-term bullish. If I combine this with what I have posted about HSI on 16/6 (Bearish? Bullish?), does it show evenly clearly that in next few weeks the market would surge but would eventually plunge after few weeks?
Everyone please watch carefully and don't let the gains in next few weeks blind you.
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