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HSI Bullishly Diverges with the Market 2022-01-06

360MiQ 0

HSI and Tracker Fund (2800) have been rising for 3 weeks and are bullishly diverged (orange arrows) with Close > MA20 market breadth (black line). As long as the market breadth stays above the green line, the resistance would be at the purple line.

Should the market breadth fail the green line or HSI crosses below MA20, this fragile rebound will be cut short.

360miq.com/market?data=HKEX

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