Will Hong Kong 50 Index have enough momentum to break resistance?
Hong Kong 50 Index is heading towards the resistance line of a Canal ascendente and could reach this point within the next 13 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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