Trend of the Hong Kong index

For those who want to learn,imf foreign exchange platform feel free to message me about the Hang Seng Index trends. Here is my analysis for you:

As of June 19th, the weekly trend of the Hang Seng Index is currently forming a bottom at 18,000 points. The next critical resistance level is at 20,340 points. If it breaks through, we could first see it rise to 22,000 points, and then potentially to 24,000 points.

The weekly trend needs time to develop, requiring patience. If the weekly level falls back to the 16,000 range, it is recommended to take long positions (long-term outlook).

(Mid-term outlook) On the daily chart, it has today surpassed 18,000 points to reach between 18,200 and 18,300. The next level at 18,700 presents minor resistance, and breaking through it could lead to a rise to 19,600. Currently, the Hang Seng Index has an average daily fluctuation between 300 and 320 points, with a weekly average between 800 points. This week, there is still a 600-point space, and it's mid-week, so there's still room to take long positions. Remember to pay attention to risk management and the risk-reward ratio.

This is a subjective analysis for reference only. Please do not follow it blindly, as any losses are your own responsibility.

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.