Market Overview

Technical Forecast for Hang Seng

Technical Forecast for Hang Seng


Hang Seng held above strong support at 22768/645. As stated yesterday, we could exit shorts here & try longs with stops below 22600. However a break lower significantly weakens the outlook for the next support at 22417/329 & possibly 22037 this week or next.
Resistance at 22913/961 but above 23030 we meet resistance at 23218/241 which remains a tough challenge & is unlikely to be beaten with the daily chart more negative now. 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.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!