Next week Hang Seng Index Rebounce?
Updated
As we predicted last night, today the hangseng index come to the lower point of 24748 (27/7/21) before, but didn't break through the lower point. Therefore, the main point for next week is whether the hangseng index will rebounce or not?
Reading from MACD and RSI, even today come to the lower point, but the RSI and MACD not yet touch or over the lower point as 27/7/21 reached. It may be study as it might potentialy rise in the future, but on the other hand, it may also study as remain potential to drop again. All the assumption have to depend on the CHINA government policies.
Therefore, we may observe the trend on next Monday whether it rebounce or break through the frame.
Reading from MACD and RSI, even today come to the lower point, but the RSI and MACD not yet touch or over the lower point as 27/7/21 reached. It may be study as it might potentialy rise in the future, but on the other hand, it may also study as remain potential to drop again. All the assumption have to depend on the CHINA government policies.
Therefore, we may observe the trend on next Monday whether it rebounce or break through the frame.
Note
Also, if next monday appear red candle again, it might drop down more until 23000Note
HSI night +ADR close at 24986Note
if there is no other accident (example: china government mess up again), the opening index of HSI may be between 24900-25100, if rebounce, maybe rise 0.5-1%, if drop again, at least 1-2%let us hope it will go well at 23/08
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