HangSeng kept depressed, getting closer to support at 22,367. Preference for today is bearish, especially if the support is transparent and will potentially increase the bearish pressure could suppress HangSeng to the range of 22173-21956.
Although stochastic and CCI 1 hour shows oversold indications, the strong bearish pressure is likely to reduce the possibility of a pullback today. However - if any pullback occurs - is expected to be held in the area of resistance in the range of 22561-22779. Intraday bias will turn bullish only if it broke resistance at 22,779. If that happens, then there are opportunities for bullish movement to the range of 22996-23190.
Although stochastic and CCI 1 hour shows oversold indications, the strong bearish pressure is likely to reduce the possibility of a pullback today. However - if any pullback occurs - is expected to be held in the area of resistance in the range of 22561-22779. Intraday bias will turn bullish only if it broke resistance at 22,779. If that happens, then there are opportunities for bullish movement to the range of 22996-23190.
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