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Technical Forecast for Hang Seng

Technical Forecast for Hang Seng


Hang Seng continued lower as expected to test strong support at 22768/645. As stated yesterday, we could exit shorts here & try longs with stops below 22600. Next support at 22417/329.
Resistance at 22913/961 but above 23030 we meet resistance at 23218/241 which  remains a tough challenge & is unlikely to be beaten. However if we manage a break higher today look for a test of the next resistance at 23410. Exit longs & try shorts but we need stops above 23480.

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Posted-In: Technicals Markets Trading Ideas


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