HSI seems to have broken out of last year's high (Oct 2024) and Jan 2023 high, and retested it too.
The index is about 67% from Jan 2024 low.
The next major pivot is Feb 2021 High, after that Oct 2007 High and then Jan 2018 High (all are marked on chart).
The price seems to be gaining momentum and moving parabolically, as marked on chart.
It seems price will move higher over months, of course there would be retracements.
As always it won't be as predictable as I have hypothesized above.
Nevertheless at this juncture price action is positive and depending upon price action further into the months the hypothesis will succeed or fail.
Trade Safe
The index is about 67% from Jan 2024 low.
The next major pivot is Feb 2021 High, after that Oct 2007 High and then Jan 2018 High (all are marked on chart).
The price seems to be gaining momentum and moving parabolically, as marked on chart.
It seems price will move higher over months, of course there would be retracements.
As always it won't be as predictable as I have hypothesized above.
Nevertheless at this juncture price action is positive and depending upon price action further into the months the hypothesis will succeed or fail.
Trade Safe
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.