HSI has negatively reacted to China's 20th Party Congress, but is now very likely to experience a strong support on 2W charts.
As you can see, we have reached a very strong support zone, from which HSI has rebounded everytime.
I am personally going long on NASDAQ:BILI
as it's analysis is also showing a very strong likelihood for short/mid-term rebound since...
BILI has had a very rough last couple of months, and has finally reached a point where long trade makes sense base on RISK/REWARD potential from current support.
It is currently at MA100*0.236 support line, as well as 0.943 Fib Support level (based on log scale).
Also Drawdown of 93% seems like an overdue to find some sort of local bottom, unless you anticipate...
