Hong Kong - Hang Seng is in a falling trend since long ago. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. An inverse head and shoulders formation is under development. A decisive break of the resistance at 26051, ideally with an increase in volume, signals a further rise. The index longterm bullish forecast for the next one year is 33500 . The index is overall assessed as technically oversold. ideally expect medium long term growth. on the other hand if things went sought for China expect this to hit 20,000 before any reversal.
Important note: these are my personal thoughts and they can be wrong. I'm not a financial advisor. but if you are willing to buy this, expect 50% growth on ur investment for the next 12 months from now.
let me know about ur thoughts will it go back up ?
Important note: these are my personal thoughts and they can be wrong. I'm not a financial advisor. but if you are willing to buy this, expect 50% growth on ur investment for the next 12 months from now.
let me know about ur thoughts will it go back up ?
