The bias is likely to be bullish in the short term in the Hang Seng Stochastic indicator line moves up. However, the overall trend is still bearish as price still move under MA 50-100-200 on the 4 hour chart and Stochastic indicators are still in the minus territory.
Nearest resistance levels seen in 22100 area, break above that area the price is likely to move along at least neutral in the short term test instructions to 22220 before targeting the next resistance level at 22380. For the downside, nearest support level is at 21 990, a break below the area should increase to further bearish momentum towards 21850 before targeting key areas to support at 21 625.
Resistance levels: 22100, 22220, 22 380
Level of support: 21 990, 21 850, 21 625
0 Response to "Hang Seng Bearish"
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