To The Moon

• The $HSI(HSI)$ is moving in an upward sloping channel and potentially forming a cup and handle pattern.

• Recent daily candles show lower shadows, suggesting buying interest near support of the channel.

• Immediate resistance remains at 24,880, the neckline of the potential pattern.

How to Use DLC if Recent Reversal Candles Are Successful

• The recent daily candles show lower wicks and buying support, hinting at a bullish reversal within the uptrend channel.

• If these reversal candles are confirmed by follow-through buying (i.e., price closes above recent highs or breaks above 24,880):

1. Traders may consider Long DLCs (e.g. $HSI 5xLongSG261029(CVMW.SI)$ ) for short-term positioning to ride potential upside.

2. Entry can be timed on break above resistance or strong bullish candle close.

   Always manage risk as DLCs are leveraged products.

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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.