Choppy session for HK and China. Doesn't seems like its going to end anytime too. These are the levels to watch for coming weeks. Trade Safe
Super rally in Aug! Over 40% gain if u bought at the breakout Pullback from recent high and price action still shows selling, but with 38.2 lvl at 1.04 and EMA 20 (Blue) & EMA 200 (Orange) around 1.00 region. Price unlikely to break lower than 1.00. My take is that 1.00 psychological level would be the demand zone. An entry around 1.02 would be conservative....
HSI index got sold off badly on Monday due to the rising tension of Turkey / US sanctions, Effect still felt on Tuesday and the pullback of a newly launched games have caused Tencent to pullback 4% for the day (Tencent is one of the largest constituent). Tencent is trading at 800ema on H4. Plus technical wise HSI is trading the edge / lower part of the 2 years...
When volume kicks in, expecting the counter to surge till 0.260