HSTI recently broke out of its peak resistance at 10,100 and extended up to 11,000.
There is a nice healthy 8.5% pullback to two strong support areas
- peak resistance turned to support
- Lower range band of 2 months upward trend
Pullback reasons include
- sector rotation to metals due to increased consumption
- sector rotation to Finance & Real Estate
There is a nice healthy 8.5% pullback to two strong support areas
- peak resistance turned to support
- Lower range band of 2 months upward trend
Pullback reasons include
- sector rotation to metals due to increased consumption
- sector rotation to Finance & Real Estate
Note
Added positions at 97,000 major support zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.