Prediction for HSI in OctoberGreetings, and good news for you. Now Hang Seng Index has confirmed its W base and has stood above 10 and 20 EMA successfully, the total trade volume increased gradually this few day. If the trend can stand above 50EMA succeessfully, a small bullish will start in this month.
Even thought all investors in Hong Kong has digested the debt crisis of Evergrande (3333) and America Fed cuts debt purchase plan has been delayed until December, they might influence HSI market badly in the future at anytime, probably the end of OCT and in November. We should be careful for these influence too.
But, most of the blue chips stock has been stablelized and start to go uptrend, this week the uptrend probably will continue until it tested the top pressure of 25800. If stand above 25800 successsfully, it is good sign.
Because of the small uptrend has been confirmed, i will no update any information in the future until the down trend start again.
Again, All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
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