Hang Seng 4 Hour Price Update
Updated July 21, 2020 11:13 AM GMT (07:13 AM EST)
Hang Seng closed the last 4 hour candle up 0.26% (66.76); this denotes the 3rd candle in a row it has gone up. Out of the 8 instruments in the 8 major global equity indices asset class, Hang Seng ended up ranking 6th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Hang Seng Daily Price Recap
The back and forth price flow continues for Hang Seng, which started today off at 25057.99 US dollars, down 0.12% (31.18) from the previous day. Out of the 8 instruments in the 8 major global equity indices asset class, Hang Seng ended up ranking 6th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Hang Seng.
Hang Seng Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Hang Seng’s price has gone up 5 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Behold! Here are the top tweets related to Hang Seng:
- From ReformedTrader:
40/ “I bought stocks in Hong Kong and shorted Hang Seng futures, generating a very high yield. When Asian stock markets blew up in 1997, the Hang Seng futures market shut down. Suddenly, I was reminded about credit risk: there were rumors that the exchange had gone bust.” (p. 48)
- From MoneyTalkRadio3:
That helped the CSI 300 index of the largest Shanghai and Shenzhen listed stocks to advance 0.6%. It was still down though 4.4% for the week. In Hong Kong, the Hang Seng index closed Friday at 25,089, a gain of 0.5%. For the week it lost 2.5%.
- From YuanTalks:
#HK stock exchange is launching the Hang Seng Tech Index which will include the largest 30 of 163 tech companies in the market.
It will debut on Jul 27.
#Alibaba and #Tencent are the top two constituents. Meituan Dianping, Xiaomi and Sunny Optical complete the top five.