Hang Seng 4 Hour Price Update
Updated July 22, 2020 11:14 AM GMT (07:14 AM EST)
The end of a 5 four-hour candle positive run has come for Hang Seng, which finished the previous 4 hours down 2.1% (537.6). Those trading within the 8 major global equity indices asset class should know that Hang Seng was the worst performer in the class the current 4 hour candle.
Hang Seng Daily Price Recap
Hang Seng entered today at 25635.66, up 2.31% ($577.67) from 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 🙂 Here is a daily price chart of Hang Seng.
Hang Seng Technical Analysis
First things first: Hang Seng crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Hang Seng’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Hang Seng:
- 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.
- From thePandaily:
Hong Kong Hang Seng Indexes Co. will launch the Hang Seng TECH Index on July 27 to track the 30 largest eligible technology companies listed in SEHK. The tech-focused index will include @AlibabaGroup , @TencentGlobal, @meituan and @JD_Corporate . #China24x7
- From itradeph:
Tech stocks rally in Hong Kong after Hang Seng Indexes announced it will launch an index tracking the sector, July 27 launchKingdee +15% , Sunny Optical + 8.3% and Meituan Dianping +8.4%Tencent, Alibaba and Xiaomi up at least 5.5%