Hang Seng: Resistance Expected At 26,000 Points

Hang Seng Index climbed again on Tuesday and sits just above the 25,950-point mark after a prior two-day rally that added about 500 points (~2%). The report notes limited follow-through and suggests the market may be stuck in neutral heading into Wednesday, implying range-bound trading near current levels.

Analysis

Hang Seng Index climbed again on Tuesday and sits just above the 25,950-point mark after a prior two-day rally that added about 500 points (~2%). The report notes limited follow-through and suggests the market may be stuck in neutral heading into Wednesday, implying range-bound trading near current levels.