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HONG KONG 33

HK33HKD approaching support, potential bounce! HK33HKD is approaching our first support at 25039 (61.8% Fibonacci extension, 76.4% Fibonacci retracemen, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 28000 (38.2% Fibonacci retracement, Horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:HK33HKDLong
by Tickmill
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 27336 (100% fibonacci extension, 78.6% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 25050 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:HK33HKDShort
by Tickmill
2
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 26619 (Horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 24316 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:HK33HKDShort
by Tickmill