HSTI recently broke out of its peak resistance at 10,100 and extended up to 11,000.
There is a nice healthy 8.5% pullback to two strong support areas
- peak resistance turned to support
- Lower range band of 2 months upward trend
Pullback reasons include
- sector rotation to metals due to increased consumption
- sector rotation to Finance & Real Estate
There is a nice healthy 8.5% pullback to two strong support areas
- peak resistance turned to support
- Lower range band of 2 months upward trend
Pullback reasons include
- sector rotation to metals due to increased consumption
- sector rotation to Finance & Real Estate
major support zone