Technical Update - Hang Seng Index caught in side ways range
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Hang Seng Index is range bound between 20,284 and 19,515. If closing above upper band a move to around 21,000 is likely. 55 and 100 SMA’s will provide some resistance.
If close below support at 19,515 there is some support at around 19,178 but March lows around 18,235 could be tested.
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