The Hang Seng Index is trading within a resistance zone as well between $21.1k and $22.8k. I would monitor for a break or rejection a $22.8k, and I think it’s a good idea to take some profits here.
Chinese stocks have experienced a very bullish rally in a short time. I think Chinese stocks are starting to approach resistance levels and there could be some profit taking here. PDD is approaching resistance between $153 and $164.76, there’s likely to be some selling here so it’s a good idea to sell or take profit. I will be taking some profits here.
BABA has rallied above a $104.82 resistance level, but is starting to selloff before reaching the next $120 target. I think there could be some downside here for BABA as well. I’m taking profits out for now.
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