HANG-SENG (HSI) trading analysis
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HANG-SENG (HSI)
The instrument is in the uptrend Pitchfork channel and is reaching the midpoint of the second channel half 25600 level. Break below this level could lead to a downside continuation into the channel long-term uptrend support 20600 level.
Note: on a Daily chart below you can see that the instrument is testing a key level inside the falling channel, horizontal upside support/downside resistance. A daily close below the 25440 will open the short trade entries and a continuation of the bounce will lead to an upside test of 26610. Look for the long-trade entries first with the stop loss below the 25400 targeting 26600 level.
