We are pleased to share with you our latest analyst observations. The HK50 Index is showing impressive upward signals and here's why:
1. Strong support level on the daily timeframe: On the daily chart, we see price stalled at a key support level. This signals that the market is finding a stable support point here.
2. The “W” reversal pattern on the lower timeframe: When analyzing the lower timeframes, the “W” reversal pattern is clearly visible. This classic figure of technical analysis indicates a possible trend reversal and subsequent price growth.