HANG SENG INDEX
- Index had formed head and shoulder formation in daily chart, and made a bullish breakout by closing above its resistance @ 24370, this indicates as long as Index holds above bulls will be favored and further price rise can be seen in coming days.
- Previous resistance @ 2370 will now act as a major support for Hang Seng Index.
- On upper side Index will now find next strong resistance around 25370 (its previous top).
- Stock major trend indicator "MACD" is moving in +ve zone this indicates further price rise can be seen in coming days.
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