The Hang Seng index to open up 0.3% to 20,738.25. Shanghai composite up 1.0%

Hang Seng index approaches the key 100 day MA 

The Hang Seng index to open up 0.3% to 20.738.25.

Looking at the daily chart for the Hang Seng, the index is recovering and approaches the 100 day MA at the 20,881 area. The index has not traded above that 100 day MA since July 2015. So a break would be bullish. Back in December and November, the price got close but could not get above.

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