Hktradingma

Hktradingma

I'm still positive re. HSI

Hktradingma

I expect a strong rebound of the HSI on its current support level to complete its rectangle formation. In fact, signs of reversal are showing up, with a morning start 3-candle pattern formed on the 5th Dec. 2019. Due to cheaper valuation and extreme sell-off of HK market due to recent protests and US passed bill, as well as increasingly positive sentiment by...

Hktradingma

As expected the breakout of S1, R1 and R2 is so strong, indicating a potential bearish view. For more risk averse people, wait for a successful pullback!

Hktradingma

there is a bullish momentum divergence; it can be showed better using the stochastic RSI It’s strong since the last low has rebounded on a very very strong support. In addition, the latter is also the -2SD level over the last 2 year. Based on a conservative mean reversion projection, the price could rebound to 107.239 which is not only the –1 SD over last 2-Y...