Big movement expected on Hong Kong 50 Index
Hong Kong 50 Index has broken through a resistance line of a Inverse Head and Shoulders and suggests a possible movement to 28263.7922 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
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