not yet sober; continue with bearish sentiment.

١٧ ديسمبر

Resistance level : 20070-20090
Support Level : 19670 - 19568
If breakdown thru 19303 the next bus stop will be 19080 i.e 🆘 level as you can see from 1h chart.
Tradeplan : buy into support and sell at resistance, set your SL/TP.

From today macro overview, most of the traders likely to short the index. To trade for 100-150pips profits for tomorrow and within this week for 200pps is feasible. Remember your SL and locked in profit.

tradingview.com/news/mtnewswires.com:20241216:G2446630:0-hong-kong-stocks-extend-slide-on-disappointing-chinese-economic-data-ganglong-china-property-slumps-10/

The Hang Seng Index fell 0.88%, or 175.75 points, to close at 19,795.49.

For D chart


We are hopeful to see the reversal; the MACD Signal is now breaking above zero level and
although the KDJ still in bearish zone.

Let's continue to monitor; while waiting for more positive news and hopefully Santa remember to drop by the index chimney to give it a boost we shall zen with 📙 and 🍵!

Happy Trading Everyone!