Should we expect a breakout or a rebound on HKG33?

HKG33 is moving towards a line of 16170.1699 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If HKG33 continues in its current trajectory, we may see it move towards 16170.1699 within the next 5 hours.

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