Good volume has arrived over the last 2 days. Not totally convinced that Long term bottom is in place but for next few days/weeks, HSI should make its way up towards the top of the parallel channel.
Resistance will come in at 17500, 18000, 18500 and 19000.
Resistance will come in at 17500, 18000, 18500 and 19000.
Comment:
Lack of volume and NY refusal to follow up is an immediate red flag. If lack of volume remains on Monday then we could be looking at zigzag between 17500 -17000 for couple of days in which case it is more likely to break to the downside however briefly.