Technical Analysis on HSI 2015-04-30

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HSI Hang Seng Index dropped 267.34 or 0.94% and closed at 28133.00 on 30-Apr-2015.

HSI Hang Seng Index 2015-04-30

HSI didn't manage to breakthrough it's resistance after the tug of war between bull and bear for 2 days, and traded below its previous day closing point throughout the day.

MACD indicator is nearly crossing over, while the other indicators are showing the weakening of uptrend too, even though the uptrend shown by the moving average indicators is still intact. The next immediate support of HSI is at 27592.

Your comments are most welcome and appreciated.

(click on the image to view the larger chart)