HSI approaching support, potential bounce!

18 dic 2018

Hang Seng Index is approaching our first support at 25562 (horizontal swing low support, 61.8% Fibonacci extension, 78.6%, 61.8% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3)is approaching support and we might see a corresponding bounce in price above this level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.