Written by Sam Sam
Written by Sam Sam
The decline in overnight futures and ADRs suggests a bearish trend for the Hang Seng Index, with support levels around 18,600/18,400.
Last Friday, the Hang Seng Index opened high but closed lower, with a daily fluctuation of 299.37 points and a trading volume of 965.79 billion yuan.
ADR divergence in the overnight futures market, Hang Seng Index expected to test the 50-day moving average
Futures prices rose while American Depository Receipts (ADRs) declined, showing a divergence between the two. It is expected that the index will continue to struggle around the 50-day SMA level, approximately 19,212.
Futures prices rose while American Depository Receipts (ADRs) declined, showing a divergence between the two. It is expected that the index will continue to struggle around the 50-day SMA level, approximately 19,212.
With overnight futures and American Depository Receipts (ADR) declining, the Hang Seng Index (HSI) is anticipated to open lower, with a subdued trend. Support levels to consider are 19000/18900.
The overnight futures and American depositary receipts (ADRs) dropped, indicating a weak trend for the Hang Seng Index (HSI), with support at around 19100/18900 levels.