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| Hong Kong Stock market Overview |
Hong Kong Index rose to a
record, rebounding 21 percent from a February low, Today it today
extended gains by 0.2 percent to 25,159.76 after closing at its
highest in six years yesterday.
Stocks found some support
on positive earnings results from index majors and strong performance
in offshore equity markets.
Technically, Hang Seng index is looking very strong
on chart and it may rally to 30,000 points if it holds above 25,000
this week, couple with appearance of MACDs bullish gap, showing
momentum can be strong.
Hang Seng index first support would be 24800, while
next support would be seen at 24600. For resistance 25300 become
first resistance, while next resistance would be seen at 30,000.
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