The above chart is daily chart of ICBC (1398.HK). The price is blocked by fibs line and moving horizontally. A breakout is expected due to the convergence. A downward breakout would be more likely to happen due to my bearish view on HSI.
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, June 10, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment