. Hang Seng Index Technical Analysis - 16 September 2022

Hang Seng Index Technical Analysis – 16 September 2022

16 Sep 2022

Hang Seng Index Technical Analysis: Weekly Chart

Hang Seng Index Technical Analysis

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 18300.00 the resistance level is at 19000.00

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

Hang Seng Index Technical Analysis: Daily Chart

Hang Seng Index Technical Analysis

In the daily 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 18400.00 the resistance level is at 19000.00

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

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 18775.00, TAKE PROFIT AT 18400.00 AND STOP LOSS AT 19000.00