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DBD Strategy Daily - ASIA : falling below critical levels
A week ago, we wrote that Asian indices and metals were at major supports, and we advised to wait for short-term confirmations before buying. The bearish trend has resumed today for several of those assets. The probability that this is a false signal does exist of course, but we have to underline that the most probable is that the Hang Seng is now facing another 10% drop.
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DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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