After a very busy week, finally I have little time to do some analysis on the market. Though this post is a bit late since the market has already opened, the below charts for Hang Seng Index (HSI) might still worth looking at.
Daily chart of HSI:
The index is pretty much moving within the narrowing range between solid green and red lines. Support is at 19350.
Weekly chart of HSI:
There is not much on weekly chart, the only thing we know that the index is approaching the upper down-trend line, which is a strong resistant to HSI. The risk for LONG is increasing.
Daily chart of HSI:
The index is pretty much moving within the narrowing range between solid green and red lines. Support is at 19350.
Weekly chart of HSI:
There is not much on weekly chart, the only thing we know that the index is approaching the upper down-trend line, which is a strong resistant to HSI. The risk for LONG is increasing.
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