HANG SENG INDEX gained 1.7% and is now trading at 17,620.
Hang Seng has crossed the upper Bollinger Band® at 17,567, a potential sign that further gains are to follow. In contrast, the MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control.
With all probabilities considered, today's gains in HANG SENG INDEX have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.
HANG SENG INDEX shows positive signs, other assets are also on par: FTSE is up 1.08% to 7,397.25. Having closed the previous session at 6,594.62, CAC is up 0.74% today to currently trade at around 6,643.48.
At the same time, Nikkei is down 300.1 points from the beginning of the session and now trades around 27,963.
Having set a significant high of 25,700 14 days ago, HANG SENG INDEX is trading 17.97% lower.