Due to the new and unexpected coronavirus outbreak in China and the lockdowns occurring within Bejing, I expect the Hang Seng index to come under pressure.
This combined with the floods in the south and Indian border tensions causing boycotts of Chinese goods may also contribute to Hang Seng downward movements.
To be clear, this is a very short term move, hence...
Long term upward trend line off monthly chart with 3 strong bounces in the past.
Downward pressure on SP due to poor earnings due to hopefully temporary public scrutiny of dreamworld deaths
For this trade to go ahead I require two conditions:
1.= 2-3 weeks out from the interim report release
2.= share price to be at support of 0.23 (if it hits earlier i will not buy but wait till two weeks before release and then buy depending how the technical s look for support. If its dropping and not making new support I wont buy)
I will be opening a CFD on...
