Hang Seng 4 Hour Price Update
Updated July 17, 2020 11:13 AM GMT (07:13 AM EST)
The choppiness in the recent four-hour candle price action of Hang Seng continues; to start the current 4 hour candle, it came in at a price of 25121.25 US dollars, down 0.01% (2.33) since the previous 4 hours. On a relative basis, the current 4 hour candle were pretty good: Hang Seng bested all 8 of the assets in the 8 major global equity indices class 🙂
Hang Seng Daily Price Recap
24970.69 was the closing price of the day for Hang Seng, resulting in today being one in which price moved down 2% ($510.89) from the previous day. Those trading within the 8 major global equity indices asset class should know that Hang Seng was the worst performer in the class today. Let’s take a look at the daily price chart of Hang Seng.
Hang Seng Technical Analysis
Notably, Hang Seng crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Hang Seng’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Hang Seng:
- From macroguru9:
How does this translate into higher AUD & SNP?? Hang Seng flips from 1.6% opening gain to a lossShanghai Composite -1.4% ChiNext index -1.3% Shenzhen tightens rules on property transactionsPBOC keeps MLF rate unchanged
- From gregorhunter:
Hong Kong stocks set to rally, reversing Tuesday’s losses on what’s looking like a firm start to trading in Asia-Pacific. The Hang Seng Index is up 1.6% in the premarket, HSCEI gains 1.5%
- From WODSofficiaI:
Asian shares edged higher this morning. Japan’s Nikkei 225 rose 0.29 per cent , China’s Shanghai Composite index edged up 0.13 per cent and the Hang Seng added 0.69 per cent.