Hang Seng Index - initiating analysis coverageFor personal interests, analyses on the HSI will be initiated...
The weekly chart closed on a bearish note, at a 5 year low. Close to a suuport at 19,200, if it breaks down -250 points, there would be more downside to the last low of March 2022, at 18,235.
As with many of the analyses done this weekend, a lot of indications that the last low will be revistied.
The daily chart has a breakdown over he last week, and daily technicals are crossing under. These are indicative of more downward momentum.
Overall, bearish aura prevails for the Hang Seng Index.