howard11594

howard11594 Updated 

Today is the last day of the week for HK 50. 17000 is a very strong resistance level. Looking at the daily and the weekly chart, looks like we are coming up to retest the 17000 range. The reason why I think today is very crucial in terms of the overall trend for HK 50 because if today close above 17000, we can then say HK50 is breaking the current downtrend of...

howard11594 Updated 

Like yesterday analysis, the market opens with a spike up then re-test 16,000 range. Overall, the volume is still really low. Yesterday it closes a weak bullish doji candle still respecting 16350 resistance level. For today's analysis, I can see there is a possibility of retesting 16000 and if the 1 hour time frame close below 16,000 range on the first half of...

howard11594

Based on the daily, this is what I called a dragon twin candle. 16500 is a pretty strong resistance level. Although Hk50 been bullish the past couple days last week, it never able to push above 16500 due to lower volume, with yesterday china market reopen, it actually close back a bearish with the same little top wick. Hence, this is what I called a dragon twin...