Hang Seng - Technical Analysis: Monday, 01/12/2014 07:51 GMT

Short term sideways fluctuation around 61.8% Fibonacci, and taking a closer look at these trading shows that there is a cup & handle pattern under construction – the minor image -.

The exponential moving average 50 still support Hang Seng Index, and breaching 24342 will motivate the index to resume the main bullish bias through threatening the most important resistance at 24920.