Technical Update - Buyers lifting Hang Seng back above 20,000 but for how long?
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Hang Seng is still in a bear trend after breaking out of its rising wedge like formation. A correction to test the short-term falling trend line is not unlikely but no divergence on RSI indicates Hang Seng is likely to see lower levels below 19,500.
For Hang Seng to reverse the bearish trend a close above 21,112 is needed
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