HS Index is touching a critical level at 22,ooo pts. Global stock markets are also tumbling, all blaming the US Sub-prime mortgage issue.Looking at the chart, the strong support will only set in around the 21000. Pls fasten your safety belt as the voyage ahead will be very very volatile.
2 comments:
Support trend line broken. The Hang Seng Index dropped below its major support trend line last week, which signals more consolidation in the medium term. The medium-term support is at the 40-week SMA of 20,400 while 19,900 pts is the major support trend line formed since mid-06.
TQ for your sharing!
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