Hang Seng Soars as Tech Giants Drive Weekly Rally
HANG SENG TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, Hang Seng is trading in down channel.
Hang Seng is currently trading below all SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting a downtrend.
Its immediate support is at 19251 & the resistance is at 19953
Hang Seng was creating lower-low structures and moving rapidly below. Price is currently in a downtrend and at a key support level; if this support level is broken, Dow will be activated, and price will continue to fall. Currently, price was attempting to climb slightly but was unable to sustain it.
HANG SENG ANALYSIS: DAILY CHART
In the daily chart, Hang Seng is trading in the down channel.
Hang Seng is currently trading below all SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting a downtrend.
Its immediate support is at 19369 & the resistance is at 19658
Hang Seng was building low structures and advancing quickly below. A crucial support level is being tested by the price, which is now falling and in a downtrend. If this level is broken, the Dow will activate, and the price will continue to fall.