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Hangseng

Hang Seng Index - 07 Sept. 2016 - S/R zones for coming weeks07 Sept. 2016 Hang Senf Index - 4 Hour Chart Index is now reach a resist level, but buying is strong, expect index to continues the up trend after a correction to the support levels. The STRONG Resist Zone is where I expect a nice sell back down to the support zone below in this chart, once index manage to climb and reach it, may be in mid. Oct. so watch out for it! Here was my previous long term Forecast of this trade: HSI Direction Forecast since 30 Aug. 2015 to 02 March 2016 www.facebook.com www.facebook.com
TVC:HSI
by KaKeungChoi
1
HangSeng Index1st weekly target already hit, not very safe to enter now. Now is the time to wait patiently for RSI to retrace to 50 level before deciding on the next step. It is 21bars since the last MACD cross, if the retrace is deep, it might go down to meet the MACD (green circle); which I doubt so. Any thing beyond 23k is already pushing the envelope. For this chart, the best place to take profit would be RSI 70 (if it can reach). Sometimes, you refer to old charts and do not see RSI 70, this could be due to the long tails during intra candle.
FX:HKG33
by dericksim