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HK Market Recovers Supports but is still Flimsy 2021-12-23

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HSI took back the black down-channel bottom and the pink downtrend line. It is now testing the blue horizontal line and 78.6% retracement.

Close > MA50 market breadth (green line) bounced off the orange support earlier and is now slightly above the red horizontal line (yellow arrow).

The market rebound is not very solid yet, but as long as HSI stays above the black down-channel bottom and Close > MA50 market breadth is above the red line, the market rebound continues.

360miq.com/market?data=HKEX

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