Hang Seng Index is approaching our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26327 (100% fibonacci extension , 50% fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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Disclaimer
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