J.Livermore
Long

Hong Kong Index (HSI) aiming for new all time high ?

INDEX:HSI   Hang Seng Index
58 2 3
Consolidate any pullback, this 3 year breakout should be a good long term position to new highs.

Potential is 32% and more, set your stop loss according to.

Get an eye on the RSI (1M), any value over 63 will be a good confirmation for a rally building up.
Update1:

We have 2 more month candles showing a throwback on the support line.
Monthly RSI is not yet over 63 to validate the scenario.
Patience.
Reply
Scenario is perfectly in play !

snapshot


RSI(14) at 64, a monthly close at that level would confirm the breakout.
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