Hong Kong’s benchmark
index rose as weaker-than-expected China manufacturing fueled
stimulus bets.
The Hang Seng Index (HSI)
climbed less than 0.1 percent to 24,752.09 in Hong Kong after falling
as much as 0.2 percent.
Hong Kong stock market maintained its upward
momentum and Hang Seng index saw the year high of 25,243, however the
MACDs appeared bearish gap again, showing that momentum was still
weak.
The Hang Seng Index is expected to trade at 24500 to
25000. Hang Seng index first support would be 10DMA (24,585), while
next support would be 24,000.
For resistance, year high of 25,243 become first
resistance, while next resistance would be seen at 25,500.
No comments:
Post a Comment