Hong Kong shares were mostly flat on investor caution ahead of
earnings. HSI index edged up 0.1 percent to 24,977.66 points, with
the China share sub-component was flat at 11,067.56 points.
The financial and
insurance sector has experienced a dramatic increase earlier, helping
boost the bullish sentiment in the market.
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 25200, couple with appearance of MACDs bearish
gap, showing momentum can be strong.
Hang Seng index first support would be 24600, while
next support would be seen at 24300. For resistance 25200 become
first resistance, while next resistance would be seen at 25,400.
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