2016年1月8日 星期五

hsi short term rebound target


In the perspective of swing trading, it would find a resistance at level 210 which is about the same level of 0.382 between 22217 & 20324. It will be a quite bearish signal for a big down move.

For a valid re-test of trend-line, it could either jump to 212-213 (also 0.50 lv).

If it is undergoing a downward channel, it could even go up to 215 (0.618 lv) and about the same swing size as 21010-22217.

I think the importance: 210>213>215, just need to wait for a signal from other perspective, e.g. indicators, etc.

Time according to swing trading is 5 or 8 trading days, possible for a top on Jan. 14 or 19th.


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