MaryJane
Long

Is it time for a Rebound?

INDEX:HSI   Hang Seng Index
74 3 8
Hang Seng tested ist longterm trend lower edge.
With the slipping through its EMA & SMA 200 a strong Sell-Signal appeared and led to it, that the Index crashed and closed the third day out of ist Bollinger Bands . It is a "falling-knife-situation"!
Statistically thats not "normal".
The probability that the Index jumpes back into ist BB is given now. A Rebound to the Minimum correction Level 38,2 fibo-retracement (24.610) can be exspected.
The Situation is strongly oversold, have a look @ the RSI .
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
MaryJane
a year ago
snapshot

If the Index is trading below ist longterm lower edge @ 22.820, the next target can be the Maximum correction Level of the complete uptrend since 10/2011 @ 20.835
Reply
MaryJane
a year ago
Absolute precision !
snapshot
Reply
MaryJane
a year ago
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out