Hong Kong 33
Short

SHORT HSI approaching resistance, potential drop!

5 454
HSI is approaching our first resistance at 28056.3 (100% Fiboancci extension, 38.2% Fiboancci retracement, horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 26862.1 (61.8% Fibonacci retracement , horizontal swing low supoprt).
Stochastic (89,5,3) is also seeing a bearish divergence and approaching resistance where we might see a corresponding drop in price.

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