Hello Traders,
Hang Seng has risen to 29288.23 and has found support at ~ 28282 area (blue trend line)
-->Daily chart!
A rise above the possible wave ((b)) high at 29490 would open the door to 29620 and 29880. Note the open gap left by trading on March 3rd! This would be closed at 30074.18!
It needs a decline below the support area of 28282 to become more bearish again, with prices at or around the 27505 level. A break of this area could open the door to 27505.
Have a great weekend.....
Ruebennase
Feel free to ask anytime!
Trading this analysis is at your own risk!
Hang Seng has risen to 29288.23 and has found support at ~ 28282 area (blue trend line)
-->Daily chart!
A rise above the possible wave ((b)) high at 29490 would open the door to 29620 and 29880. Note the open gap left by trading on March 3rd! This would be closed at 30074.18!
It needs a decline below the support area of 28282 to become more bearish again, with prices at or around the 27505 level. A break of this area could open the door to 27505.
Have a great weekend.....
Ruebennase
Feel free to ask anytime!
Trading this analysis is at your own risk!