HK50 LONG FROM WEEKLY SUPPORT
HANG SENG TVC:HSI
Indices globally have been in a downturn as the trade tensions between Trump and China heated up however should we expect some short term relief?
The market works in trend and tends to bounce between support and resistance zones. The HK50 (Hang Seng) has reacted from the key weekly support of 25300.00. Looking left you can see how this level has been used significantly in the past and could find some buyers at least into the key resistance of 28500.00.