Will Hong Kong 50 Index have enough momentum to break support?
Hong Kong 50 Index is heading towards the support line of a Falling Wedge and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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