Technical Update - Hang Seng Index

China: PMI positively surprises the market

Hang Seng is currently performing better than most other markets. Support at 20,700 it needs to break for downside momentum.
RSI is showing bullish sentiment and staying above its rising trend line. If Hang Seng closes above 21,545, we are likely to see the Index breaking higher towards 23K. 
Below 20,700, support at 19,890 is likely to be tested.

Source: Saxo Group

Source: Technical Update - Hang Seng Index | Saxo Group (

China: PMI positively surprises the market

Kim Cramer Larsson

Kim Cramer Larsson started his career in 1996 as an equities trader focusing on the US and Asian markets with BG Bank, London. In 1997, Kim relocated to BG Bank, Copenhagen (BG Bank was acquired by Danske Bank in 2000) to the position of equities trader and portfolio manager. 

Kim began using technical analysis as a trading tool from 1997. In 2005, Kim was promoted to the position of technical analyst in the FX & Fixed Income Research department at Danske Bank. In his current role, Larsson focuses on technical analysis of equities, equity indexes, forex pairs, and more for Saxo Bank. Larsson’s views and analyses can be found on Saxo’s News & Research hub as well as at Saxo’s Academy where he hosts webinars focusing on chart analysis.