HangSeng Index likely to slide to 22,000 & possibly Covid lowThe Hang Seng Index is trading around the lower boundary of the long uptrend channel & looks poised to test support around the 22,000 level. A dip towards the Covid intra-day low 21,139 may not be out of the question given that 1,000 point intra-day moves in the HSI occurs frequently enough.
A critical level for me would be 23,150. I would establish a short position on a break below this level.