The wireless in the University and my residence really makes me angry! I could not get access to the internet in my room and the wireless often disconnects in the University!
Sorry I could only start posting my analysis when everything settles down...
HSI rose 6.48 points today to 21977.34. As I could not get onto my charting software due to the unstable network, I would try to use some of my imagination. The index breaks the triangle on weekly chart, but today shows that people are also taking profits as they might believe there would be corrections afterwards. However, my view is quite optimistic. Having no big drop today shows that the power of full is still strong enough, as normal people would choose to sell at this point rather than having the courage to buy. It is the new 5-month high anyway.
I will keep an eye on both ICBC and 0716.HK. Hopefully the network would be fine few days later...
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.
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