DIFF Resistance - 19823
DIFF Support - 19639
HK most likely will play catch up from what they missed and the support for today will be around 20105. The Resistance will be around 20200.
With HK market opening later, most likely the market will be buying ahead of it first. If you want to go Long, reduce your normal trading qqty will be a good move so that you go for hit and run without getting caught.
For Short sellers, please be patient to build up this position. The market is definitely deem for some profit taking but at the moment,go slow as the general market are currently off the Bear Zone area (20%) therefore the sentiment have changed a bit. As good traders, we must know when to fire and when Not to fire, to conserve your ammo.
Wait for the support levels to break before entering.
Nothing is 100% and being confident is good but over-confident will kill if the thing that you expected turns opposite direction. And Media Journalists although are labelled as experts.. may also get it wrong too… just like our stock market analysts…
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