Hang Seng 4 Hour Price Update
Updated May 25, 2020 11:12 PM GMT (07:12 PM EST)
Hang Seng’s 4 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 1.01% (230). Hang Seng outperformed all 8 assets in the 8 major global equity indices asset class since the previous 4 hours.
Hang Seng Daily Price Recap
Hang Seng is down 5.56% (1349.89) since yesterday, marking the 2nd day in a row a decrease has occurred. On a relative basis, Hang Seng was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. The daily price chart of Hang Seng below illustrates.
Hang Seng Technical Analysis
Notably, Hang Seng crossed below its 20 and 50 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Hang Seng’s price has gone down 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Hang Seng:
- From FemaleMiddle:
@TheRoyGreenShow Hong Kong version of the National Security Law will suppress Hong Kong people in Hong Kong.
Hong Kong is now entering one country one system, many Hong Kong people withdraw from Hong Kong, the Hang Seng Index fell, meaning more funds to withdraw.
- From JackHHazlewood:
Also HSUKSU stands for Hang Seng University of Hong Kong Students’ Union. Their Editorial Board puts out great videos from every protest in real time – all reporters being volunteers. Go follow them on FB, TG & IG.
- From MoneyTalkR3:
The Hang Seng Index plunged 1,350 points or 5.6%. The broader MSCI #HongKong Index fared even worse, crashing almost 7%. Property developers led the declines with the Hang Seng Properties Index tumbling almost 8%.
In terms of news links for Hang Seng here’s one to try:
2 days ago 3 days ago 3 days ago Me Chinese, me play joke, me go pee pee in Fly’s coke….We can crush this Chicom back to the Stone Age by crushing their financial markets by global sanction against China and destroying their stock markets….When their stock markets are annihilated, it will create a negative feedback loop to their real estate markets, further crushing them back to the Stone Age.