Last Week the Market had fall more than I had expected. Reaching some support at the level around 21000.
3 Months Daily Chart
It looks like we are in a 3 months uptrend. With HSI suffering a recent correction. I think price will gain some support from the 21000 level.
1 Year Weekly Chart
With HSI staying right above 30 week EMA. In my view it is unlikely for HSI to drop further. If HSI continue to rebound well from the 21000 level. We should be seeing a new wave of upward move.
Article by Trading Room
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