Will HSI change its trend?
Are there even Signs of Reversal ?
- Candlesticks below MA200 , Far from MA200
- Candlesticks moving below ichimoku clouds
- Downtrend Line B met expectation of 1:1 w.r.t Line A, within a shorter time with higher momentum
Take a look at the price Volume traded for the past 1600 days (to the range where last candlesticks were at this area). Total volume at this area seems thin. Where is the support?
Something to ponder: if the candlesticks reaches price of 24 to 26 (where more volume are traded at that range), will the holders cash in or cut loss?
However, if we zoom in, seems like a triple bottom is almost forming. A confirmation we will be waiting for will the breakout of the neckline.
[url= tradingview.com/x/3pvrILlf/]
Overall sentiment still doesn't look good. Mixed signals with downtrend still strongly intact.
- Candlesticks below MA200 , Far from MA200
- Candlesticks moving below ichimoku clouds
- Downtrend Line B met expectation of 1:1 w.r.t Line A, within a shorter time with higher momentum
Take a look at the price Volume traded for the past 1600 days (to the range where last candlesticks were at this area). Total volume at this area seems thin. Where is the support?
Something to ponder: if the candlesticks reaches price of 24 to 26 (where more volume are traded at that range), will the holders cash in or cut loss?
However, if we zoom in, seems like a triple bottom is almost forming. A confirmation we will be waiting for will the breakout of the neckline.
[url= tradingview.com/x/3pvrILlf/]
Overall sentiment still doesn't look good. Mixed signals with downtrend still strongly intact.
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