7/8 (Monday) Last week's trading insights for HSI:
On 7/2, having planned in advance, the key price of 18105 was not broken. On 7/4, a short position was taken at 17989.
On 7/5, the price reached 17663 and the position was closed. The logic behind closing was that there were gold orders and the HSI often gaps on Mondays, so not holding over the weekend was prudent. Profited 326 points.
The planned market movement on 7/2 met expectations, reaching the key low price of 17577.
On 7/8, since the price has broken through 17577 and shows signs of stabilizing, watch the key support trend lines at 17430 and 17200 this week. Consider small long positions.
Teacher advises against holding daily short positions overnight to avoid the risk of gaps, which could expand losses.
Reminder: Quotes from different platforms may vary but the analysis remains valid. Do not follow trades blindly; losses are your own responsibility.
