Hang Seng Index Volume and Price Action analysis - long

5 thg 5, 2023

The Hang Seng Index shows a strong accumulation in the background along with a strong upward breakout. Before Friday's session and US labor market data to be released today, Hang Seng again showed strength and formed a re=accumulation range.
The last re-accumulation zone becomes both a big support and a buying zone for today's session.
Analysts expect good data from the US and big players seem to be setting the market for this data.
With the background we have on this chart, only longs should be considered

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5 thg 5, 2023

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Hang Send close Friday session - 20134