- HSI is in a falling trend channel in the medium long term. - An inverse head and shoulders formation is under development. - A decisive break of the resistance at 22780, ideally with an increase in volume, signals a further rise. - The index has support at points 19500 and resistance at points 22600. - The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. - The index is overall assessed as technically slightly negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.