The 1325.60 points or 5.48% plunge for HSI last Friday was devastating.
Bulls are bleeding and Bears are laughing all the way to the bank..........
Next few weeks are going to be crucial and I think China has to "firewalk" carefully this time.
With Covid1-19 , it is facing a lot of pressures from many countries wanting an independent survey to be conducted on the source of Covid-19.
It's massive unemployment is another big headache that it has to take care of. Now, with this mess, Hong Kong is facing a lot of challenges.
Chart wise, we can see that it is nearing the next two levels of support. Once, it breaks down 22,400 (roughly), we are heading south , man. There will be no turning back.
If you have not short, please do not chase price as a 4 digit plunge is not ordinary and the market might retrace fiercely next week before it decides what to do next. Or , another gap down, who knows.....
Be cautious, this is not the time to play hero..
Bulls are bleeding and Bears are laughing all the way to the bank..........
Next few weeks are going to be crucial and I think China has to "firewalk" carefully this time.
With Covid1-19 , it is facing a lot of pressures from many countries wanting an independent survey to be conducted on the source of Covid-19.
It's massive unemployment is another big headache that it has to take care of. Now, with this mess, Hong Kong is facing a lot of challenges.
Chart wise, we can see that it is nearing the next two levels of support. Once, it breaks down 22,400 (roughly), we are heading south , man. There will be no turning back.
If you have not short, please do not chase price as a 4 digit plunge is not ordinary and the market might retrace fiercely next week before it decides what to do next. Or , another gap down, who knows.....
Be cautious, this is not the time to play hero..
Nota
Praise Lord, the price has rebounded.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.