Technical Update - Hang Seng Index
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Hang Seng is currently performing better than most other markets. Support at 20,700 it needs to break for downside momentum.
RSI is showing bullish sentiment and staying above its rising trend line. If Hang Seng closes above 21,545, we are likely to see the Index breaking higher towards 23K.
Below 20,700, support at 19,890 is likely to be tested.
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