Can round 3 stimulus resurrect the weakening HK market ?
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This candle that I highlighted is crucial as it sits in between the bullish trend line of HSI. This doji candle signify indecision amongst the buyers and sellers. Either side can be winning to lead the momentum for which now we do not know what the outcome is.
We also see some support at 24,130 which in the short term, we might see HSI revisiting this level .Last night , the Tech sell off may influence the Asian market to follow as well. So, tonight closing for the US indices is crucial as it will influence how the Asian market performs next week.
IMO, I tend to lean on the bullish side and view any short term corrections as an opportunity to go long.
Now that the HK protests has died down, the government has one pressing issue on hand - COVID 19 which they are getting strong support from China. Mass testing is ongoing now in HK and it is a matter of time, it will be contained. Also, we have vaccines being developed by several countries (Russia, China , Singapore ,etc) which would be a big help to HK.
This candle that I highlighted is crucial as it sits in between the bullish trend line of HSI. This doji candle signify indecision amongst the buyers and sellers. Either side can be winning to lead the momentum for which now we do not know what the outcome is.
We also see some support at 24,130 which in the short term, we might see HSI revisiting this level .Last night , the Tech sell off may influence the Asian market to follow as well. So, tonight closing for the US indices is crucial as it will influence how the Asian market performs next week.
IMO, I tend to lean on the bullish side and view any short term corrections as an opportunity to go long.
Now that the HK protests has died down, the government has one pressing issue on hand - COVID 19 which they are getting strong support from China. Mass testing is ongoing now in HK and it is a matter of time, it will be contained. Also, we have vaccines being developed by several countries (Russia, China , Singapore ,etc) which would be a big help to HK.
Comment:
looks like i have to eat my own words. I shorted late on this index but praise lord, still managed to eke out a profit out of it....
Comment:
will be looking at 23092 before closing position
Comment:
short position closed. will be turning to long later this morning
I wont short this index!