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HK50,Daily Bias Still Bearish
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The HK50 price forecast in our December 11, 2020 technical analysis was bearish.
Market developments after HK50, Daily December 11, 2020 technical analysis indicate bearish momentum still.
- HK50, Daily is down currently 0.5% over December 11, 2020 close.
- Forecast of rising Hong Kong unemployment for November is bearish for HK50.
Here is what indicators show as of December 14, 2020:
- The Parabolic Indicator gives a bearish signal.
- The Donchian Channel gives a neutral signal: it is flat.
- The MACD indicator gives a bearish signal.
- The RSI oscillator gives a neutral signal.
- The Fractals give a bearish signal.
- The MA(200) Indicator gives a bullish signal.
So the forecast remains bearish for the HK50, Daily.
| Order | SELL |
| Sell stop | Below 26236.4 |
| Stop loss | Above 26940.9 |
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