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Monday, 26 June 2017

Hang Seng Index: 26 June 2017, Monday, 8.25am Singapore Time

Hang Seng Index: 
26 June 2017, Monday, 8.25am Singapore Time
(Click on Chart above to Enlarge)

Attached above is the technicals again for Hong Kong Hang Seng Index illustrating the main impulsive waves in green and the healthy corrections using Bull Flags in light orange. Like all markets, Hang Seng Index is still in strong uptrend and remains bullish biased. The main wave is up. This Saturday, 1 July 2017, marks the 20th anniversary of the handover of the territory to China by the UK on 1 July 1997. One may reasonably expect China to rally the Hong Kong market and the Hang Seng Index to celebrate the 20th anniversary milestone.

Reference (Past Hang Seng Index analyses):

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