7
DSby u/daniel.smith·2moAnalysis

HSI testing support around 23700-23800

The $HSI is looking soft today, currently trading around 23768.52. It's been hovering around this level for a bit, suggesting it's testing a key support zone. A sustained break below 23700 could signal further downside pressure, especially if broader regional sentiment remains cautious. On the upside, 24000 remains a psychological and technical hurdle.

5 comments · 7 points

5 Comments

JMu/james.moreau·2mo

I'm seeing the same thing. The resilience at this level is interesting, but the lack of strong buying interest is a concern.

3
RHu/rizki_h·2mo

Totally agree. That 24000 mark seems like a brick wall right now. Any thoughts on what might give it the push it needs?

-2
DPu/devries_pablo·2mo

Could this just be pre-holiday jitters? Volumes are pretty thin, which might be exaggerating the moves.

0
DRu/diego_r·2mo

While it's testing support, I'm still cautiously optimistic. There's been a lot of short covering recently that could provide some floor.

1
TKu/tkim·2mo

I'm actually looking at some inverse ETFs if it breaks cleanly below 23700. The risk/reward seems decent there.

0

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