Possibility of big movement expected on Hong Kong 50 Index
Hong Kong 50 Index has broken through a resistance line of a Triangle and suggests a possible movement to 24091.3659 within the next 10 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 6 days.
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