HANG SENG : WHERE ARE THE BULLS?

  Jason Parker    
  Asian Indices
One of Asia's leading indices lost control on the bulls.
Hang Seng managed to be supported on the wing for a few years until it broke down in 2015.
Failed attempt to climb up and then also made an aggressive decline further.
Currently the index reached the resistance line which was used as a support for a few weeks.
If it cannot jump over this line (20,850) - the index may slip down again.
We expect that the Hang Seng index will reach the next support which located at 19100-19200 points.
Maybe just maybe then, the Bulls appear.

Action:
Position: Short
Stop Loss: 21,034
Take Profit 1: 19,289
Take Profit 2: 19,100