Saturday, August 2, 2014

Weekly Market Reivew HSI

HSI closed at 24,532.43 on Friday, 1-Aug-2014, gained 347.03 (1.43%) over the last 5 trading days.

Looking at the Weekly chart, we still have a bullish bar despite with a fairly long tail/wick. 25,000 seems to be a strong resistance.  Nevertheless, we are clearly on a short term uptrend.

From Monthly chart, nothing much has changed.  We will just have to watch 25,000 for upside breakout.

No comments:

Post a Comment