The Most Scary & Important Chart You NEED to See Right Now $HSI
Updated
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.
Bullish view - It should bounce at the moving averages (red box) and confirms the double bottom and break out.
Comment
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.Trade active
Never mind we did go below the moving averages this month. Let's see if the support at around 25800 will hold in Feb.Trade active
lower low again on the weekly, not good :(Trade active
Global markets pricing in a "GLOBAL RECESSION" due to a supply and demand shock from Corona Virus.Related publications
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