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| Hong Kong Market overview |
Most Hong Kong stocks rose as mobile
carriers led the advance. . The benchmark Hang Seng Index closed
little changed at 24,749.02.
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.
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