Hang Seng 25072024

 25 July: Hang Seng attempted an upside move but was rejected, resuming its selling momentum. The market even lost the major 17k level due to overnight panic on Wall Street.

Mini Hang Seng 12072024

 12 July: #MHI had a strong start, easily breaking out above the 18,000 level with only minor pullbacks, despite regional markets falling sharply. The market continued to rise for the rest of the session. 

Mini Hang Seng 25062024

25 Jun: #MHI struggled to set its direction as several breakout attempts failed. The real action began after 2 PM, when buyers gave up and the market convincingly broke down below the 18,000 level.

fcpo 21062024

21 Jun: #MHI opened weak and retested the open range from low to high. The EMA acted as resistance, leading to a swift rejection and a surge in selling momentum. Sellers successfully pushed the market further down, intensifying the downward trend.

fcpo 20062024

20 Jun: #MHI struggled to decide the direction, experiencing fakeouts on both sides until a real breakdown at 10:45 AM, with selling force accelerating. 

mhi 19062024

19 Jun #MHI Market Review

The short-term outlook for Mini HSI appears cautiously bullish. Key observations:

*Potential bullish crossover in buying momentum.

*Recent price bounce from the 17,700 support level.

*Eyes on resistance at 18,500. 

*Breakout above could confirm uptrend.