Above is the daily chart of Bank of China (3988.HK). It looks like it has reached an extremely strong support zone after several days of severe plunges and it will undergo a rebound. This might be a hint of a rebound in the stock market as well.
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 17, 2012
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