HENGSENG - Index

Hengseng found some support at the 50% fibo level but we will have to wait and see how long it is able to hold that level,
We will however eventually see the upside bull run in my opinion as the rallies globally get stronger. We have some down side support on the 200 MA where I see a possible drop first than a rebound to the upside. It can indeed start to rally from here but I will find it more convincing after its in contact with the 200MA.