HSI has start to bottom up showing that confidence in Hong Kong market has start to show in the current market.
Price has broken up above box to show that immediate target to be 25,600.
We should expect price continue to consolidate along 23,000 - 26,400 and eventually start to go back up to 30,000 in the next 6-8 months time.
This favours heavily sold stock in China especially those blue chips and poise a strong recovery in the months to come.
We have an initial target at 28,000 - 29,000
Price has broken up above box to show that immediate target to be 25,600.
We should expect price continue to consolidate along 23,000 - 26,400 and eventually start to go back up to 30,000 in the next 6-8 months time.
This favours heavily sold stock in China especially those blue chips and poise a strong recovery in the months to come.
We have an initial target at 28,000 - 29,000