Rebound with global sentiment recovery from trade war concern. Hang Seng selling reach 50% retracement level 26683 on yesterday (left chart) and rebound. However the current swing have achieved 4 multiples of golden ratio. A potential retracement may occur. This basis can be refer to Hang Seng was under-performer among all indices market during this period of time.
Thus, today commentary are require to provide two directions view:
If price go higher high than 27270, price will further rebound to 27647.
If price trader lower than 27270, support could be found on 27025 & 26945.
Thus, today commentary are require to provide two directions view:
If price go higher high than 27270, price will further rebound to 27647.
If price trader lower than 27270, support could be found on 27025 & 26945.
Comment:
Hang Seng have moved higher than 2270, trader please focus on the next target 27647.