Hang Seng futures have broken above resistance at 24,050 following the latest batch of positive trade headlines, leaving the index on track for a potential retest of the March highs.
Those eying longs could buy dips towards 24050 with a stop beneath the level for protection. Both RSI (14) and MACD are trending higher without flashing overbought signals, favouring a bullish stance.
Given how far the price has already run on Wednesday, the preference would be to wait for better entry levels rather than chasing the move higher.
Good luck!
DS
Those eying longs could buy dips towards 24050 with a stop beneath the level for protection. Both RSI (14) and MACD are trending higher without flashing overbought signals, favouring a bullish stance.
Given how far the price has already run on Wednesday, the preference would be to wait for better entry levels rather than chasing the move higher.
Good luck!
DS
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