Possibility of big movement expected on Hong Kong 50 Index
Hong Kong 50 Index has broken through a resistance line of a Falling Wedge and suggests a possible movement to 20454.8723 within the next 6 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
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