Hong Kong Stock Index (The Late Sellers are trapped now)

OANDA:HK33HKD   Hong Kong 33
View On Hong Kong Stock Index (16 MAY 2020)

It has hit our expected TP level yesterday.
If a trader rushed into HSI shorted over the bad situation gets trapped now.
This is how the market works.

I will be waiting for another entry, possibly short at a higher level.
Possibly near 24,250 regions.

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Comment: Updated View On Hong Kong Stock Index (2 JUNE 2020)

We are seeing a decent bullish pullback action at this moment.
It is trying to retest important swing levels in my opinion.

24,000 and 24,370 regions will be important resistant zones. Let's the momentum play out.

Comment: View On Hong Kong Stock Index (16 MAY 2020)

24,000 and 24,370 regions is indeed acting as resistant as we mention in the previous write up.

It is now meeting some speed bump at the moment as it swung high in the recent days.
If there is any pullback, 23,700 regions will be good support.

Comment: View On Hong Kong Stock Index (4 JUNE 2020)

Now, 24,300 becomes an important S/R and we need to see how the price behaves from there.

If there is a break down on the level, it shall go lower 23,800-23,750 region first.

The ultimate strong support will be 23,300.

Comment: View On Hong Kong Stock Index (4 JUNE 2020)

It is playing pretty nice as we expected.

24,250 to 2,4650 shall be a nice resistant region.

They may do a head butt but it is likely to go downhill soon.

So, buckle up Dorothy.


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