HSI is trading below a strong horizontal resistance
That was established 4 months ago
And once the index retested the level
We saw a nice bearish reaction
Given the renewed lockdowns in some parts of China
Together with the 2nd biggest port brought to a halt
And the persistent news of the Radioactive leak In the Southern Provinces
The sentiment isn't optimistic
And the date on sales of cars and smartphones China confirms that
All of that combined make a bearish correction very real
And the target is near the previous low that stands at -4%
Vis a vis the current levels
Sell!
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