Weekly chart of HSI:
The breakout should be confirmed, but there is still not yet a big and rapid surge. Instead, the volatility is really low these 2 days. Hopefully the first stop would be at 23,000.
Daily chart of HSI:
Daily chart tells us more this time. Clearly the index broke the red downtrend line, but we need 2-3 days to confirm it. The next stop will be at around 23,000. MACD and EMA are at high levels, showing that low volatility may happen before continuing to surge up to 23,000. It might be good time for us to buy some stocks.
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