I see two possible options for HSI moving forward
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From drawing talent pool to local executives getting on overseas trip to market Hong Kong, are these strategies sufficient to boost the market up ?
The chart shows a nice rebound after a very long period of downtrend. It is difficult to say if this is the bottom , simply judging from 2 green candles. It could be a reversal pattern only on hindsight as we look back on this chart months later......
Until more information is released on how to help support the HK market (direction from Central Government in China), I speculate two possible options for the price direction to go. Option 1, invariably is what we want to see, a continuation in the rally , breaking above the resistance level at 15,836 and goes up further.
The second option which is also possible is a retracement back to 15087 and then rally up.
From drawing talent pool to local executives getting on overseas trip to market Hong Kong, are these strategies sufficient to boost the market up ?
The chart shows a nice rebound after a very long period of downtrend. It is difficult to say if this is the bottom , simply judging from 2 green candles. It could be a reversal pattern only on hindsight as we look back on this chart months later......
Until more information is released on how to help support the HK market (direction from Central Government in China), I speculate two possible options for the price direction to go. Option 1, invariably is what we want to see, a continuation in the rally , breaking above the resistance level at 15,836 and goes up further.
The second option which is also possible is a retracement back to 15087 and then rally up.
Wait for next week and see if it retrace back to the support line at 15,836 before going LONG