Both indicators gave mixed signals on the Hang Seng Index 3-day chart so we looked at a higher 1W timeframe for more context. The points outlined in the charts suggest a bearish move and the 3-day chart target is approximated by extrapolating the support channel's bottom. The stop is placed slightly above the support channel (currently the next resistance).
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📣 Ask on Reddit: shorturl.at/BILRZ
👀 Watch on TikTok: shorturl.at/gzAPW
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
👀 Watch on TikTok: shorturl.at/gzAPW
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
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.