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Tickmill
Dec 26, 2018 2:56 AM

HSI approaching support, potential bounce!  Long

Hang Seng IndexTVC

Description

HSI is approaching our first support at 25562 (78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
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Comments
jenas6423
But world market is dropping, can HSI be that strong to withstand the drop and goes up?
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