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Tuesday, August 19, 2014

Hong Kong Stock Market Overview : Tuesday, August 19 2014





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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