Indeks Hang SengPenjualan
Hong Kong is facing 3rd wave
Diupdate
Read latest news here !
Firstly, I was happy to hear that China has resumed operating again and workers are returning to their factories and offices as well. But, with the return, including going back to HK, it also creates the next wave of Covid 19 cases!
After the second wave [from returning citizens], there could be a third wave from mainland China. This cycle could go on until we have an effective vaccine, or the collective immunity in the community reaches about 60 to 80 per cent
Yuen Kwok-yung, epidemiologist, University of Hong Kong
Let's see how the chart is doing. On the day chart, we can see it is now in a rising wedge pattern. As soon as it breaks down, we can see the price action revisits 22 Dec 16 low or even lower at 20695.
Be patient with this pattern as the price can still goes up a little more. Get ready for short, imo.
Please give me a thumbs up or follow me if you find my posts have helped you in your trading/investment. If you have any particular stocks, forex pair, commodities, etc that you want a second opinion (as some followers had pm me), please feel free to comment below or pm me.
Cheers
Firstly, I was happy to hear that China has resumed operating again and workers are returning to their factories and offices as well. But, with the return, including going back to HK, it also creates the next wave of Covid 19 cases!
After the second wave [from returning citizens], there could be a third wave from mainland China. This cycle could go on until we have an effective vaccine, or the collective immunity in the community reaches about 60 to 80 per cent
Yuen Kwok-yung, epidemiologist, University of Hong Kong
Let's see how the chart is doing. On the day chart, we can see it is now in a rising wedge pattern. As soon as it breaks down, we can see the price action revisits 22 Dec 16 low or even lower at 20695.
Be patient with this pattern as the price can still goes up a little more. Get ready for short, imo.
Please give me a thumbs up or follow me if you find my posts have helped you in your trading/investment. If you have any particular stocks, forex pair, commodities, etc that you want a second opinion (as some followers had pm me), please feel free to comment below or pm me.
Cheers
Catatan
coming close to the end of the wedge. Will it surprise us with a gap up or bullish candle or as per my pattern drawn here ?Catatan
200420 is where it reaches the tip of the wedge and it did break down from 24, 490 to 23, 500. Now, like the US indices, we have to wait and see if it breaks out above to go higher or conform to a bear market rally and bring the house down lower.Catatan
cnbc.com/2020/05/05/asia-markets-rba-rate-decision-us-china-tensions-coronavirus-in-focus.htmlPraise the Lord. I hope some of you did take the trade and ride down the 4% gain yesterday. It was fast and furious.
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