Hong Kong gives you jumped 1.55 percent

Hong Kong Market place Overview: -

Hong Kong gives you jumped 1. fifty five percent Wednesday, about the back of Chinese language manufacturing activity which often grew in June at its fastest pace this holiday season, benchmark Hang Seng Index rose 358. three months points to twenty three, 549. 62 with turnover of HK$73. thirty-two billion. Overall breath on the market was bullish as most of the stocks traded in positive territory.

Technically index is looking very strong on chart and also heading towards 42 tommers storm week high and it in addition has given final above 23500 that is the 6 month high of the HSI. RSI have been trading above its 14 DMA. MACD line keeping above it signal line along with expanding of bullish space further northward movement is so visible in the Index. Hang Seng list can test next resistance amount of 24000 as it offers given break out of major resistance level of 23500. Index is still sustaining above 50 DMA and also 200 DMA using appearance of golden cross. Hang Seng list has immediate help of 23200, whilst next support would likely at 23000.

TOP GAINERS

Name	Closing	% Change
GALAXY ENT	65.000	4.84%
CHINA OVERSEAS	19.580	4.15%
TENCENT	122.800	3.89%
HENDERSON LAND	47.000	3.64%
CHEUNG KONG	142.300	3.49%

TOP LOSER

Name	Closing	% Change
KUNLUN ENERGY	12.560	-1.72%
MENGNIU DAIRY	35.300	-1.53%
LENOVO GROUP	10.500	-0.76%
SINOPEC CORP	7.380	-0.14%

INDICATORS:-

MACD Line is placed above its single line. RSI is also trading above 50 mark on daily charts and showing conversion with prize trend.

On ADX its positive DI Placed above its negative DI where as ADX trading above 35 mark.

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