Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Technical Analyst, Saxo Bank
Hang Seng Index is range bound between 20,284 and 19,515. If closing above upper band a move to around 21,000 is likely. 55 and 100 SMA’s will provide some resistance.
If close below support at 19,515 there is some support at around 19,178 but March lows around 18,235 could be tested.