Oct 10, TA for HSI

Oct 10, TA for HSI

Trend - Down
Momentum - Oversold
Candlestick - Hammer (bullish reversal)
Volume - 1.4x

From HSI weekly chart, as mentioned in my previous post on performance chart. HSI is the worst index. It has tasted the 16,200 lowest LOW before closing above 16,700. While other global indices are trending in Wave B and strongly supporting the level. HSI had broken the support and testing new LOW - A strange index after all, when compare to other index.

If HSI breaks the 16,700 (It is aligned with Fibo 61.8%), then it is about time to look at the FA-HSI and start your bargain hunting position. As we are not too far away from the last 2008 low, and no-one can ever predicts the stock pricing movement. Stocks that exhibits Value investing with proper yield is already a good pick. To combine both FA + TA entry is when TA trend spotter indicate "SIDE", then entry should be more safe, but unlikely you can pick up the lowest point. Trying to pick at the lowest LOW is LUCK.