Technical Update - Hang Seng Index confirms uptrend
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
The Hang Seng Index is in a short-term uptrend.
RSI is bullish indicating higher levels are likely. 22,142 is likely to be tested and there is room up to the medium-term falling trend line (Black falling line).
On the weekly chart Hang Seng is trading in a wide falling channel. A test of the upper falling trend line seems likely. Strong resistance at 22,700.
A close below 206974 bear trend will resume.
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