hang seng index forecast 2013
hang seng index today closed at 22686 with gains of 68 points.on daily chart hang seng index now closed just above 3 month average.
on daily chart now hang seng index 3 month average is at 22670 above that 22880 is month average and 22920 is week average and remain as strong resistance on chart.on upside 23500 is recent top and major resistance zone.while below 3 month average supports are seen at 22000 and 21400 levels.hang seng index momentum indicators on daily chart showing fresh long build up and bottomed out signs.
for month of may,hang seng index above 22340 level remain buy and this dips was best reentry opportunity for traders on upside 23200 will be first target zone.22600 was best level to enter by risk reward view.
for investors 21,150 was best investment zone and on upside expect 24200 and then 25800 in longer terms.on trend and momentum absolute bullish for this index.