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Technical Update: Hang Seng closing below 18K now looking at lows not seen since 2011

Equities 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank

Hang Seng Index looking at 2011 lows 


Hang Seng closed below March lows for a second day, and Friday it closed below 18K.
We must look back to 2011 to see levels below 18.000. That also means we do not have any strong support until around 16,170 i.e., 2011 low.
To reverse this downtrend a close above 19,492 is needed
HSI d 25sep
Source: Saxo Group
HSI m 25sep
Source: Saxo Group

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