HSI in heavy selling zone?

I don’t really trade index, but I just like to analyze chart.

what I see is now HSI is running into a heavy selling zone.. anyone buying up needs to take some risk. I think it is safe to long only if it breaks above and stay above 21800. Or alternatively, if it comes back down to 20000, that may be a better place to long.. at least there will be some support there.

Disclaimer: I only said what I found on chart, not advising anyone to trade. Don’t blame me if I am wrong. This is just my opinion. 🙂

Post to Twitter Post to Plurk Post to Yahoo Buzz Post to Delicious Post to Digg Post to Facebook Post to MySpace Post to Ping.fm Post to Reddit Post to StumbleUpon

Leave a Reply