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Huanghao95
24 aug 2017 05:31

Trading Idea – Short HIS Kort

HANG SENG INDEXINDEX

Beskrivning

On a weekly timeframe, we do observe a bearish engulfing candle, which seem to suggest the bulls are running out of steam. Additionally, it is also near the upper trendline and as of now it is still acting as a resistance coupled with Relative Strength Index at overbought territories. We should see some retracement in the coming weeks.

Entry Price – 26895.42
Stop Loss – 27968.08
Profit Target 1 – 25603.75 (23.6% Fibonacci Retracement Level)
Profit Target 2 – 25024.24
Kommentarer
Mikehk
looks like it will break new highs before retracement
Mer