Hang Seng 4 Hour Price Update
Updated July 24, 2020 11:12 AM GMT (07:12 AM EST)
Hang Seng came into the current 4 hour candle down 0.37% (90.88) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone down. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 3rd since the last 4 hour candle in terms of percentage price change.
Hang Seng Daily Price Recap
The choppiness in the recent daily price action of Hang Seng continues; to start today, it came in at a price of 25263 US dollars, up 0.82% (205.06) since yesterday. On a relative basis, today was pretty good: Hang Seng bested all 8 of the assets in the 8 major global equity indices class 🙂 Below is a daily price chart of Hang Seng.
Hang Seng Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 15 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Hang Seng for the past day were:
- From MrBeboes:
@michaelsantoli USA stock exchange we are the King, FTSE rolled over 2 months ago, Hang Seng could get over 26k , now at 25k, rolled over,, Nikkei 23k nope failed, and lower everyday this week, Germany and US holding the fort
- From MoneyTalkR3:
#HongKong shares saw their worst falls in six weeks with investors spooked by a record jump in infections in the city and an escalation of #US- #China tensions. The Hang Seng Index sank 578 points or 2.3%, to 25,057.
- From prchovanec:
It’s worth noting that while the Shanghai stock market may be up +9.0% year-to-date, Hong Kong’s Hang Seng index is down -10.4% so far this year. There seems to be some doubt about the city’s future.