Hang Seng futures have broken out of the rising wedge formed since early January, leaving them vulnerable to downside.
Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction.
Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm.
A slide into the close could open the door for shorts targeting a retest of the January swing low, with the 50DMA and minor support at 19,430 found in between. A stop above Monday’s high would provide protection.
Good luck!
DS
Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction.
Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm.
A slide into the close could open the door for shorts targeting a retest of the January swing low, with the 50DMA and minor support at 19,430 found in between. A stop above Monday’s high would provide protection.
Good luck!
DS
Penafian
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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.