HKEX to stall at recent high?
HS50 - 24h expiry - We look to Sell at 19220 (stop at 19405)
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19235.
This is negative for sentiment and the downtrend has potential to return.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to sell into rallies close to the 19220 level.
Our profit targets will be 18770 and 18670
Resistance: 19840 / 20400 / 20965
Support: 18015 / 17710 / 16320
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19235.
This is negative for sentiment and the downtrend has potential to return.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to sell into rallies close to the 19220 level.
Our profit targets will be 18770 and 18670
Resistance: 19840 / 20400 / 20965
Support: 18015 / 17710 / 16320
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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