Sunday 2 February 2014

HSI trend chart on Jan 30 closing



Last week we wrote: 
 港股突破了下降通道不力, 很快跌回.  22,390附近是上升回調0.618的水平.  若下調力度大則50%回調位置22,000左近.   

This week: 
We see HSI is bounded inside the downward trend.  It has avoid further fast and large downward slip.  
The downtrend may be hold by the strong support of the 50% Fibonacci retrench level (21,894).  
We are waiting for a rebound up to 224xx level.  An optimistic rebound maybe 226xx, but with very low chance. 

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