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howard11594
Mar 19, 2024 12:49 AM

Hk50 Ranging again 

Hong Kong 50 IndexPepperstone

Description

Yesterday market is pretty slow with no clear direction. One thing to note, 16805 now become another strong resistance level as it's been rejected multiple times from a higher time frame. Thus, it will take a pretty strong volume push before we can start seeing the bullish trend again.

As for sell, since we are still in the middle of a range between 16805 and 16369, it will be tough for sell. My sell idea remains below 16369.
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