The RSI indicator is now below 50 and this shows that the bears are taking over. The HSI is now in a short term down trend. The HSI is currently at its short to long term averages (identified by 30 to 90 day moving averages). The ADX indicator suggests a strong momentum developing downwards. Therefore, we may expect the HSI to test the immediate support level at 23,000 points. Resistance level is lowered to 26,500 points from 27,500 points. By Benny Lee
Decline of the ringgit: Amid strain on people, businesses, is there hope
for a rebound?
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After the currency hit a 26-year low, is the only way up? The programme
Insight finds optimism and doubt in equal measure as it looks at factors
behind the...
6 hours ago
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