Sunday, December 13, 2009

Hang Seng Review

After the up-trendline was broken since early November, the last rally had failed to re-test the 2009-high at 23100 and had only managed to reach 22597 before sinking again.

22597 will be the interim resistance to break and then 23100 if we are to see the bull run continue. At the same time 21008 will be the support to break before showing more confirmation that the trend had indeed turned (at least for the interim period).

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