Hong Kong Stock Index (HSI) (Bulls are still in control)
View On Hong Kong Stock Index (HSI) (19 Feb 2019)
We have been bullish on HSI since the last December and the market has been hitting our taking profit levels (TPs) one after another.
Go see our previous write-ups for more info.
As of now, 28,470 to 28,530 was acting as temp resistant regions for now and the PA is trying hard to break it up.
Sooner or later it should be able to break the barrier up to move toward 28,750 (TP4) region. Let's see.
There may be decent pullback along the way as well. So be prepared.
Let's see.
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Our Analysis
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LONG (entry is valid as long as the price is above 24,200)
SL 24,080
TP1 26,790 (Already Hit)
TP2 27,660 (Already Hit)
TP3 28,295 (Already Hit)
TP4 28,750
TP5 30,970
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
We have been bullish on HSI since the last December and the market has been hitting our taking profit levels (TPs) one after another.
Go see our previous write-ups for more info.
As of now, 28,470 to 28,530 was acting as temp resistant regions for now and the PA is trying hard to break it up.
Sooner or later it should be able to break the barrier up to move toward 28,750 (TP4) region. Let's see.
There may be decent pullback along the way as well. So be prepared.
Let's see.
-------------
Our Analysis
-------------
LONG (entry is valid as long as the price is above 24,200)
SL 24,080
TP1 26,790 (Already Hit)
TP2 27,660 (Already Hit)
TP3 28,295 (Already Hit)
TP4 28,750
TP5 30,970
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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