HY MARKETS News: Index Report: HANG SENG CHINA ENTERPRISES IND
June 20, 2014 12:05 pm
HSCE recently reversed down from the resistance zone close to the buy target 10600.00 that was set in our earlier forecast for this index. The latest downward correction from this resistance level recently halted near the support level 10300.00 – intersecting with 38.2% Fibonacci Correction of the previous minor upward impulse 3 from the middle of May (as you can see from the daily HSCE chart below).
HSCE is expected to continue to rise in the coming trading sessions – toward the buy target at 10600.00 (top of earlier intermediate impulse (1)).
HSCE recently reversed down from the resistance zone close to the buy target 10600.00 that was set in our earlier forecast for this index. The latest downward correction from this resistance level recently halted near the support level 10300.00 – intersecting with 38.2% Fibonacci Correction of the previous minor upward impulse 3 from the middle of May (as you can see from the daily HSCE chart below).
HSCE is expected to continue to rise in the coming trading sessions – toward the buy target at 10600.00 (top of earlier intermediate impulse (1)).
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