Long Term Trend (36 Months): Positive
Friday’s Close: (ASIA): 24,309.93
UPDATE: Five months ago the HS traded up to 24,450. At that time we highlighted: “24,890 represents resistance at our proprietary up-trend line (see chart), and the high posted two weeks prior to that might represent the highest the Index trades for some time”.
Subsequently, that region held and to- date, prices remain just under region, but has rebounded this past week to that area once again.
HS is riding on the coattails of the U.S. market. At some point it should start to outperform- however not at this time.