hong kong 40 daily outlook for friday 30 jan further potential push up expected above 24350 support
What happened earlier The Hong Kong 40 (proxy for the Hang Seng Index) has pull backed as expected from the 23-27 January 2015 range top […]
What happened earlier The Hong Kong 40 (proxy for the Hang Seng Index) has pull backed as expected from the 23-27 January 2015 range top […]
The Hong Kong 40 (proxy for the Hang Seng Index) has pull backed as expected from the 23-27 January 2015 range top as expected.
Intermediate support: 24510
Pivot (key support): 24350
Resistance: 25000
Next support: 23600
Elements suggest that the short-term decline in place since the start of the week is likely to reversal to the upside. As long as the weekly pivotal support at 24350 holds, the Index may see a recovery towards the range top at 25000 in the first instance.
On the other hand, failure to hold above 24350 is likely to trigger a deeper slide towards the next support at 23600.
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