HongKong’s Hang Seng Index broke its secondary descending trendline at 19000, indicating a test of the primary trendline at 21000/22000.
* Target calculation: 19 + ( 19 – 16 ) = 22
The Shanghai Composite Index recovered above support at 2350. Breakout above its secondary trendline would also test the primary trendline around 2900.
Dow Jones HongKong Index shows retracement to test short-term support on Monday. Respect of the rising trendline would signal trend strength, while failure of support at 360 would signal another decline.
Filed under: China & HK Tagged: Dow Jones HongKong Index, Hang Seng Index, retracement, Shanghai Composite Index, trendline
