Hong Kong 33
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HSI approaching support, potential bounce!

HSI is approaching our first support at 29610.5 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 30272.6 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Chart PatternsHarmonic PatternsHang Seng HSI hsilonghsishortTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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