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Hangseng

HS1! 2020 Nov 30 Week PlanningHS1! Bar 1 Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar. The breakout is not convincing Bar 2 Another breakout attempt, but made a lower high than bar 1. There is some demand as price close slightly above middle of the bar. Reason for caution is that although the top of the resistance at 26876 is beginning to act like support, we are still in the supply area of Bar 1. And the diminishing volume on the breakout attempts tell us that bullish strength is not really present. Scenario planning: 1) 26876 resistance turned support and strong buy volume comes in. Will it attempt to close the gap from February 2020? 2) Mark up on low volume continues before price reversal 3) Price reversals back into resistance zone, and subsequently goes lower back into the rotation range Trade with care for 30 Nov week.
HKEX:HSI1!
by paradox677
Hong Kong Stock Index (What happen to the Righteousness? )View On Hong Kong Stock Index (19 Oct 2020) The demonstration in HK is over for now and it didn't have the outcome that some people want it to be. So, the stability is back in HK for now and we shall see it's stock market trying to do some catch to their peer. 23K level shall be a decent and strong support for now, it can rise further on the UPside. 25k level shall be a decent TP. Cheers. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKDLong
by SonicDeejay