The Hang Seng Index has completed a few months double bottom pattern and broke above the neckline around 27350 with a breakout gap.
If the breakout gap is not filled, the index is likely to boost to the target 30280 like it happened last year.
After reaching 27940, wait for a pullback referencing to the trendline and go LONG.
Stop Loss is at level 27200, placed below the breakout gap open. Risk / Reward Ratio is 1:3.
If the gap is filled, it would go back to 26450 level.
If the breakout gap is not filled, the index is likely to boost to the target 30280 like it happened last year.
After reaching 27940, wait for a pullback referencing to the trendline and go LONG.
Stop Loss is at level 27200, placed below the breakout gap open. Risk / Reward Ratio is 1:3.
If the gap is filled, it would go back to 26450 level.