Technical Update - Range bound Hang Seng Index needs to break out for direction
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Hang Seng Index is range bound between 19,178 and 20,283. A breakout is needed for direction. Break out to the downside Hang Se4ng is likely to test March lows at 18,235.
Breakout to the upside Hang Seng is likely to see a move to 21.000 and a test the falling (black) trendline.
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