Hang Seng Index Technical Analysis: Weekly Chart

In the weekly charts, Hang Seng is trading in a down channel. Hang Seng is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 17800.00 the resistance level is at 18400.00

Hang Seng Index will trade in a down channel until there is a trend reversal.

Hang Seng Index Technical Analysis: Daily Chart

In the daily charts, Hang Seng was trading in a down channel. Hang Seng is currently trading below all SMA except MA (5)

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 17900.00 the resistance level is at 18300.00

Hang Seng Index was traded in a down channel before there is an upside breakout.  

How to Trade Hang Seng this Week:

Hang Seng will follow the downtrend until its trend reversal. So, remain bearish on Hang Seng.

TRADE SUGGESTION- SELL AT 18022.00, TAKE PROFIT AT 17800.00 AND STOP LOSS AT 18300.00