Ranging day for HK50

Yesterday is a pretty quiet Monday, with lower trade volume and no clear direction. I anticipate somewhat the same market condition today as well as I mentioned in my analysis yesterday. Wednesday will be an important day for the market as the Hong Kong government is releasing the budget for 2024-2025. This will dictate how the market direction will move.


Ideally, today will be one of those day to sit back on the side line and observe. Thus, there is no short term scalping idea at the moment. I will update with some idea once the market open and see if there is any potential to the upside or downside