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June 10, 2023Yesterday at a glance: HANG SENG INDEX rose 100 points to close at 19,400 yesterday which makes for a move of 0.47%.
Hang Seng's lower Bollinger Band® is at 18,882, 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.
Other markets are also showing gains as Nikkei is trading around 32,265 after ending yesterday's session at 31,641 (up 1.97% today). KOSPI Composite Index went up by 1.16% yesterday, and closed at 2,641.
At the same time, FTSE is down to 7,562.36, losing 37.38 points, after ending the previous session around 7,599.74.
The index has been trending lower for about a month. 4 months ago HANG SENG INDEX reached a significant high of 22,700 but has consequently lost 14.94% since then.
