While we saw that Singapore STI broke the upward trendline which look like a bearish signal to us. Hong Kong Hang Seng Index (HSI) is still trading in the upward bullish channel.
We are currently seeing a pennant like continuation pattern forming at the Hong Kong Hang Seng Index. Breaking upward the pennant show a continuation of the uptrend while a breakdown of the pennant plus the break of the upward trendline can be a signal of bearish correction.
Remember to keep a look out on Hong Kong HSI in the next 2 days for confirmation signal if you are trading on Hong Kong stock exchange.
Hong Kong Hang Seng Index Stock Market Trends
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