The mainstream media is blaming the mysterious virus in China for the pullback in the Hang Seng index, we as a technical analyst view it differently.
Bullish view - It should bounce at the moving averages (red box) and confirms the double bottom and break out.
Bullish view - It should bounce at the moving averages (red box) and confirms the double bottom and break out.
הערה:
My prediction is we WON'T go below the two moving averages (red box) at this stage. But if we do not bounce we will retest the long term support.
עסקה פעילה:
Never mind we did go below the moving averages this month. Let's see if the support at around 25800 will hold in Feb.
עסקה פעילה:
lower low again on the weekly, not good :(
עסקה פעילה:
Global markets pricing in a "GLOBAL RECESSION" due to a supply and demand shock from Corona Virus.