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March 06, 2023
HANG SENG INDEX is on a 5 day bullish run gaining 781.6 points (4.13%). Consistent for now — after closing the previous trading day at 20,568, HANG SENG INDEX is up to 20,600, which makes for a move of 0.17%/32.46 points today.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.
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: KOSPI Composite Index gained 1.26% and is now trading at 2,462.62. Nikkei rises 1.11% to trade around 28,238.
The index has been trending lower for about a month. HANG SENG INDEX has fallen back around 9.35% over the past a month, from a notable high of 22,700.
