Technical Update - Hang Seng finds support but likely to resume downtrend shortly
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Hang Seng bounced from around 19,500. The Index could test its upper falling trend line in the falling channel before resuming downtrend. If Hang Seng drops below 19,500 the Index is likely to take out May lows at 19,178 and test March lows. Strong resistance around 21K
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