Stocks, Forex, Bonds, Indices, Commodities. World Financial Markets.
The Top Holistic Analysis Site.
Learning to be successful means learning from the successful people how they breathe, how they think and how they translate thoughts into actions.
- Donovan Norfolk
Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share
Thursday, 31 October 2019
The Hong Kong Hang Seng Index: 31 October 2019, Thursday
The Hong Kong Hang Seng Index:
31 October 2019, Thursday
(Click on Technical Chart above to Expand)
Attached is the Updated Technicals for the Hong Kong Hang Seng Index. Observe the technicals in detail, in particular paying attention to the red trend band, black trend band and the green trend band. The Hong Kong market has now turned into a short-selling market as illustrated on technical chart attached. The red trend band and the purple trend band are powerful resistances which will hold. This means Hong Kong and Hang Seng Index will go down as shown in the projected trajectory. Hong Kong is the weakest market in the world right now. Its worst is far from over. If green trend band breaks down, the black trend band support within the black channel is a capitulation zone of maximum fear for Hong Kong.
The Donovan Norfolk Technical Rating for Hong Kong: Significantly Bearish
This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.