China’s National Health Commission reported today that, as of end of Tuesday, the number of confirmed coronavirus cases in China surged to 5974, up from 4515 a day ago. The number also surpassed the 5327 cases in of SARS in the country 17 years ago. Death toll rose from 106 to 132. Globally, number of confirmed case now stands at 6058.
Hong Kong HSI is back from holiday, diving to as low as 27101.54 in initial trading. There is no clear momentum for recovery yet. With 55 day EMA firmly taken out, we’d now expect further fall to trend line support at around 26510. Also, whole corrective rise from 24899.93 should have completed too. Break the trend line will put 25995.15 support into focus.
