Hang Seng IndexLong
JICPT| HSI Bullish pullback setup on the daily
Hello everyone. It's been days to revisit of Hang Seng index.
On the daily chart, we can clearly see that downtrend has been terminated with serious of higher highs and higher lows. As HSI has been down for almost 3 year, it is probably the worst performing stock index in the market. An economic recovery of mainland, as well as inspection completion of the tech giants may attract buyers come in. The valuation looks really attractive. In addition, mean reversion is another reason that I'm bullion on the index.
Technically, index may revisit the uptrend line which is coincided with a nice demand zone.
What do you think? Give me a like if you're with me.
On the daily chart, we can clearly see that downtrend has been terminated with serious of higher highs and higher lows. As HSI has been down for almost 3 year, it is probably the worst performing stock index in the market. An economic recovery of mainland, as well as inspection completion of the tech giants may attract buyers come in. The valuation looks really attractive. In addition, mean reversion is another reason that I'm bullion on the index.
Technically, index may revisit the uptrend line which is coincided with a nice demand zone.
What do you think? Give me a like if you're with me.
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