Hang Seng Index approaching resistance, potential drop!
Hang Seng Index is approaching our first resistance at 28029.9 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement where a strong drop might occur below this level pushing price down to our major support at 24437.6 (horizontal swing low support, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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