Hang Seng Index broke the up-trend line in daily chart. The whole trend is nevertheless looking not good.
Weekly Chart of HSI:
The index here is still within the pennant, there is still not breakdown sign. However, we should be aware of the fact that HSI is moving nearer to the vertex, so becareful of large volatility there.
Combining both, I would expect HSI having a bit rebounce to around 20,800 and is resisted by the red uptrend line in daily chart. What follows would probably be a large plunge, breaking the pennant.
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