Hang Seng Index
Updated

HK139 billion package - saviour for the stock market ?

143
Fresh from the oven news !https://www.scmp.com/news/hong-kong/politics/article/3052405/hong-kong-budget-hk120-billion-relief-package-includes

Please note that this bill will takes time to get approved and funds to trickled down to the respective sectors and individuals. Thus, there lie a possibility of HSI still continuing its fall till a rebound takes place.

if 26174 support level is breached, then we can see HSI heading to the next level at 25495.

Watching closely....
Note
a very nice bullish candle but unfortunately, at current price which TV is not yet updated , it is 25951 which means it has broken down the bullish trend line and the first support at 26174 level. Short only if you know how, else pm me and I will show you step by step. Be cautious now.

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