HSI Expecting Bullish Trend Continuation



Hong Kong govt unveiling new economic stimulus again this month to support the economy as Hong Kong falls into recession. Markets is suggesting that the stimulus is working well.

HSI broke above its downtrend line with positive momentum and positive flow.

We HSI expect to trade towards 261.8% Fibo level at 27950-28000 level.

However, a break below 26,500 level will falsify the analysis.

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