Hang Seng Index - Bullish and Uptrend but looks heavy.

٥ يناير ٢٠٢٠

Daily chart :-
+HSI is way above all key EMA20, EMA50 and EMA200 - BULLISH.
+Higher High and Higher Low intact - Uptrend
+EMA50 is about to cross above EMA200 - Uptrend.

! BUT Higher Low spotted on momentum indicator - BEARISH DIVERGENCE)
! Dark Cloud Cover formation formed at Channel Resistance.
! HSI move up with weaker volume.

Bull is getting weak and may take a break.
opportunity to swing short if price breaks and stay below 28200

Next support 27800.

٢١ يناير ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

First target hit at Resistance turned support 27800-850
expect to bounce and range bounce as traders mostly out for long festive holiday.