HSI continue to roars, bull take charge ahead!

HK50
HSI


Hello everyone good am! hope you made enough winning trades for the upcoming weekend.

D chart on HSI

MACD & KDJ both are at bullish zone.
The next strong resistance will be the last Oct2024 Hi at 23241.
with the positive news, this is likely to touch soon.
tradingview.com/news/te_news:447706:0-hong-kong-shares-extend-rally/

Look at the 4H chart
MACD - still on the bullish zone and supported with bullish green histogram.
KDJ - Bullish zone , overbought zone. Cautious for a short pullback.
BB - Moving above BB midline and ranging at upper BB channel and continue to arching up.


Look at the 1H chart.

MACD continue staying at bullish level (above zero line)
KDJ - cautious for pullback (ranging between red and green zone but at overbought level)
BB : above upper BB 21900-22200
Lower BB : 21530 ( today support level should be at 21800)
Resistance : 22200 (if breaks then to retest the next resistance at 22500 and 22770)

Today Trade Plan:
Buy into support : 21800-21950
Sell at resistance : 22200


Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!

Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.

Happy Trading everyone!
Wishing everyone a good weekend ahead.


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