anthony.si

HSI Long Term Support and Resistance

INDEX:HSI   Hang Seng Index
hsi
12 0 0
hsi
HSI             has recently broke the support trend since 2009, yet recovered from a long term support since 2004, where the Central government provided CEPA program to boost HK's economy. The good time has lasted until 2015 where HK             no longer benefit from inflow of capital from China.

we should look at recovery up to 24600 as next major resistance by end of 2015, and once reached there is high chance it'll drop, forming a multi year bear cycle.
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