Hong Kong Stock Index (The economy is in BAD Shape)
Updated
View On Hong Kong Stock Index (6 MAY 2020)
HK economy is in the bad shape and it has yet to reflect accordingly in the stock markets of it.
We are seeing some bounce up from 23,500 regions and expect it shall be short-lived.
As long as the price can't break up the resistant region of 24,250-25,000 region, HSI index will go alot lower soon.
The support level shall be 23,400 and 22,800 and beyond.
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.
HK economy is in the bad shape and it has yet to reflect accordingly in the stock markets of it.
We are seeing some bounce up from 23,500 regions and expect it shall be short-lived.
As long as the price can't break up the resistant region of 24,250-25,000 region, HSI index will go alot lower soon.
The support level shall be 23,400 and 22,800 and beyond.
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.
Note
Updated View On Hong Kong Stock Index (12 MAY 2020)It should retest 24k region soon.
Note
View On Hong Kong Stock Index (14 MAY 2020)Followed our bearish analysis on Hong Kong Index 6 MAY 2020? Congrats.
Once 23,750 hurdle is over, it can drop a lot lower.
The next support will be 23,500 regions. Stay on the short side for now.
Note
Update View On Hong Kong Stock Index (22 MAY 2020)As China further tightens its grip on Hong Kong, HSI shall drop further due to the tons of uncertainty.
If you have not noticed, HK is no longer the "Pearl of the Orient".
Our initial Target of 22,900 shall reach soon.
Note
Update on Hong Kong Index (25 MAY 2020)Congrats to you, if you have been following our bearish bias.
Our expected TP is hit.
The current may not be priced in for the MAJOR commotion in HK just yet.
IF things get worse further, HSI index can slide down furthermore. let's se.
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