HSI approaching resistance, potential drop!
HSI is approaching our first resistance at 29180.1 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 28370.7 (78.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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