Hang Seng (HSI) Down $93.19 On 4 Hour Chart, 3 Day Down Streak Snapped; Eyes 20 Day Average

Hang Seng 4 Hour Price Update

Updated July 01, 2020 11:12 PM GMT (07:12 PM EST)

The back and forth price flow continues for Hang Seng, which started the current 4 hour candle off at 24423.3906 US dollars, down 0.38% (93.19) from the previous 4 hours. 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 previous 4 hours.

Hang Seng Daily Price Recap

The end of a 3 day negative run has come for Hang Seng, which finished yesterday up 0.52% (125.91). Out of the 8 instruments in the 8 major global equity indices asset class, Hang Seng ended up ranking 5th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Hang Seng.

Hang Seng Technical Analysis

Volatility for Hang Seng has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Hang Seng’s price has gone up 16 them. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Hang Seng:

  • From JBFlint:

    My problems are over. Just got this email!
    I am Vice Chairman of Hang Seng Bank, I have Important Matter to Discuss with you concerning my late client. Died without a NEXT OF KIN. Send me your private email for full details information.
    Regards
    Mr.Fung

  • From saraheneedleman:

    tempting…REPLY AS SOON AS POSSIBLEI am Vice Chairman of Hang Seng Bank, I have Important Matter to Discuss with you concerning my late client. Died without a NEXT OF KIN. Send me your private email for full details information.
    E-Mail: dr29876dr@gmail.comRegards
    Mr.Fung

  • From itradeph:

    Kong’s Hang Seng Index fell 1.2%Luk Fook shares hit their highest level in seven weeks following a post-earnings upgrade from HSBC, which says the worst for the Hong Kong jeweler may be over.Stock rose as much as 5.5% to HK$16.64