Breach of resistance line imminent by Hong Kong 50 Index
Hong Kong 50 Index is moving towards the resistance line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Hong Kong 50 Index continues in its current trajectory, we can expect it to reach 28206.8500 within the next 3 days.
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