After five days of going down, HANG SENG INDEX is up 139.43 points yesterday

Yesterday at a glance: HANG SENG INDEX rose 139.43 points to close at 19,700 yesterday which makes for a move of 0.73%.

Hang Seng's lower Bollinger Band® is at 19,420, indicating that the market is oversold and fertile for new buyers.

Overall, looking at the technical analysis landscape, it seems HANG SENG INDEX might continue pointing upwards in the short term.

HANG SENG INDEX shows positive signs, other assets are also on par: Nikkei went up by 1.6% yesterday, and closed at 30,574. Dow Jones is trading around 33,421 after ending yesterday's session at 33,000 (up 1.24% today). S&P 500 ascends 1.19% yesterday and closed at 4,110.

The index has been trending lower for about 29 days. HANG SENG INDEX has fallen back around 13.79% over the past 3 months, from a notable high of 22,700.