Finally, Hong Kong Stock Investors Have Some Good News: Chart

The outlook for Hong Kong stocks is brightening after spending 2016 in the doldrums, technical analysis suggests. The Hang Seng Index will extend Wednesday’s rally after breaking out from an inverse head and shoulders formation, according to Ayush Nagaraj, a sales trader at Sanford C. Bernstein & Co. Nagaraj predicts the index will climb at least another 5 percent, with surging trading volume and gains by all 50 members yesterday strengthening his bullish case.

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