HANG SENG INDEX is up to 20,782

HANG SENG INDEX gained 1.68% and is now trading at 20,782.

Bollinger Band® analysis indicates that current price action is approaching the upper band at 21,000, thereby suggesting that Hang Seng is becoming overvalued.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates HANG SENG INDEX is set for a reversal in the coming days.

HANG SENG INDEX shows positive signs, other assets are also on par: ASX 200 is up 0.27%. FTSE is up 0.15%.

At the same time, after ending Friday's session at 4,390.75, EuroSTOXX lost 19.03 points and is trading around 4,371.72.

The index has been trending positively for about a month. HANG SENG INDEX is up 39.16% from the significant low of 14,700 it hit 5 months ago.