HSI - Stop falling at supporting

1 thg 3, 2022

Comment :
Expecting a short rebound coming, the risk here is higher than reward as long as FundFlow+ indicator remain negative.

Rebound condition :
1) Oversold - Oversold (turquoise-color) is passed over

2) FundFlow+ indicator - Fund flow turn upward, it would be great if breakout MA5

3) Tricol+ indicator - no banker sentiment bar (RED)

Support & Resistance :
S : (a) Level-2 @ 22682 / lowest of W-bottom @ 22665

Remark:
- length of AB=CD=DE


DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.

2 thg 3, 2022

Ghi chú

HSI failed to rebound after oversold signal gone.

News related:
Hong Kong reported new high again in Covid-19 cases, caused panic buying, worried about the possibility of a large-scale lockdown to enable universal testing for Covid-19.