HSI turns to be a very interesting chart to look at now, it has hit the neckline( as I mentioned few times in past posts recently)for four times and last Friday it hit it again! What does it tell me? Market dropped at resistance and refuse to follow through, and when it hit and drop every time, the candlestick become smaller and nearer to the resistance line, when a resistance was knocked more times enough, it will be break.
however, don't jump to the gun right away, always wait for a confirmation-- means to wait for it to break above the resistance line in this case.
STI
STI was holding at 2750 there for past 6 days with bottom tails hammer, with the green uptrend line still nicely intact. i'll be looking for counters at support level for upside move. coming soon in next post...
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