Hang Seng stalls at 25,054 resistance cluster: Live levels

The Hang Seng index is currently confronting a critical technical test as its upward momentum stalls just beneath a major resistance cluster at 25,054. After rallying to 24,858 following a Bullish Engulfing candle pattern, the index is testing the upper boundary of its multi-month descending channel. Short-term technical indicators show improved momentum, highlighted by a MACD bullish crossover rising from -74.47 to -31.45 and an RSI moving into neutral territory at 54.9. Despite these short-term gains, the broader multi-month trend remains predominantly bearish, marked by price action beneath the 200-period simple moving average at 25,342 and an ADX reading above 32 indicating strong trend persistence. Heavy selling pressure historically emerges between the 50-period SMA at 24,941 and the top of the Ichimoku Cloud at 25,054. A confirmed 5-hour close above 25,054 would invalidate the bearish setup and target upside levels at 25,342 and 25,773. Conversely, failure to breach this resistance zone reinforces the primary downtrend, leaving key support at 24,450 vulnerable.