HSI - Stop falling at supporting

Zaktualizowano
Comment :
Expecting a short rebound coming, the risk here is higher than reward as long as FundFlow+ indicator remain negative.

Rebound condition :
1) Oversold - Oversold (turquoise-color) is passed over

2) FundFlow+ indicator - Fund flow turn upward, it would be great if breakout MA5

3) Tricol+ indicator - no banker sentiment bar (RED)

Support & Resistance :
S : (a) Level-2 @ 22682 / lowest of W-bottom @ 22665

Remark:
- length of AB=CD=DE


DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Uwaga
HSI failed to rebound after oversold signal gone.

News related:
Hong Kong reported new high again in Covid-19 cases, caused panic buying, worried about the possibility of a large-scale lockdown to enable universal testing for Covid-19.
Hang Seng HSI Technical Indicators

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