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Sunday, 9 February 2020

Updated Technicals of Hong Kong Hang Seng Index (HSI): 9 February 2020

Updated Technicals of Hong Kong Hang Seng Index (HSI):
9 February 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Hang Seng Index. After analysing for taking of shorts on Hong Kong at the higher points and analysing for taking of profits at the breakdown region in green, I am reversing my neutrality on Hong Kong and China markets and am turning bearish of Hong Kong and China markets again. The illustrated technicals show where high selling pressure zones for HK Hang Seng Index is presenting and where sellers are expected to take control again in the markets in China and Hong Kong. I am expecting more chaos in Hong Kong again. The orange region also further highlights confluence of numerous selling pressure in the technicals for Hong Kong and China region. I am flipping back to bearishness for Hong Kong and China. Unload Hong Kong and China stocks and establish shorts on Hong Kong / China. 


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