Hong Kong stocks ended modestly higher on Tuesday,
marking their second day of gains and recovering losses logged at the
end of last week.
The benchmark Hang Seng Index dropped in early
trading, but turned higher for a 0.2% gain at 24,689.41.
Technically, Hang Seng index is looking very strong
on chart and it is heading towards north word and likely to test its
next resistance mark of 25000, couple with appearance of MACDs
bearish gap, showing momentum can be strong.
Hang Seng index first support would be 24400, while
next support would be seen at 24100. For resistance 24,800 become
first resistance, while next resistance would be seen at 25,000.
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