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This week's subjective market analysis of the Hong Kong Index
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Introduction6/25 This week's subjective market analysis for the Hong Kong Index: Currently, the Hong Kong I ...
6/25 This week's subjective market analysis for the Hong Kong Index: Currently,XM account opening the Hong Kong Index is expected to consolidate between 17,752 and 18,520. The market has not shown a clear direction. We need to wait for a breakthrough of the key level of 18,520 before looking at 18,700. (For active traders): You can short at the highs and go long at the lows within this range. After analyzing the Hong Kong Index last Wednesday, 6/19, the feedback from students was positive, and the teacher also placed an order. After the market opened on 6/20, the set take-profit level of 18,507 was not hit, so an immediate closure with a profit of +71 dollars was made without hesitation. Trading strategy: As the Hong Kong Index fluctuates between 300-320 points daily and 750-800 points weekly on average, last week's low of 17,752 to Wednesday's high of 18,300 had already moved 548 points. There was still an upward space of '250 points', so orders were placed boldly with a set risk-to-reward ratio. Ultimately, it only reached 18,520, with the total movement last week being 767 points 'within 750-800'. Learning tip: To predict if the market still has upward potential, you can use the Average True Range (ATR) to calculate the profit space and then decide whether to make a trade based on the risk-to-reward ratio. Reminder: Different platforms and brokers have different quotes. Although prices vary, the trend analysis is not affected. Please do not follow the trades blindly; losses are at your own risk.Risk Warning and Disclaimer
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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