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Hang Seng Index
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The Most Scary & Important Chart You NEED to See Right Now $HSI

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The mainstream media is blaming the mysterious virus in China for the pullback in the Hang Seng index, we as a technical analyst view it differently.
Bullish view - It should bounce at the moving averages (red box) and confirms the double bottom and break out.

Note
My prediction is we WON'T go below the two moving averages (red box) at this stage. But if we do not bounce we will retest the long term support.
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Never mind we did go below the moving averages this month. Let's see if the support at around 25800 will hold in Feb.
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lower low again on the weekly, not good :(
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Global markets pricing in a "GLOBAL RECESSION" due to a supply and demand shock from Corona Virus.
johninvest17
Chart PatternshangsengindexhangsengindexforecasthangsengindextradehangsengshorthongkongHang Seng HSI Technical IndicatorsTrend Analysis

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Chart PatternshangsengindexhangsengindexforecasthangsengindextradehangsengshorthongkongHang Seng HSI Technical IndicatorsTrend Analysis
johninvest17

Related publications

Disclaimer

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.