Hang Seng with a strong performance

As described in my post yesterday, today's topic is the Chinese stock market. The Hang Seng Index is one of the best performers in recent times. Today alone, we are up 2.4% again, while all other stock markets are dilly-dallying.

The big end of the correction?

In chart terms, an important long-term trend line was broken some time ago. Since then, the chart has only known one direction and this has now led it to a former high at 29192 points. The long-term correction could thus have ended and now the other two highs are automatically the next targets. However, a setback after such a rally should always be planned for, as this always provides opportunities for entry.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

Discord Channel: https://discord.gg/j5A3CUq

Twitter: https://mobile.twitter.com

Legal Disclaimer:

I am not a financial advisor nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Posted Using LeoFinance ^Beta