The last stand for Hang Seng

As the coronavirus outbreak plaques the global markets, Chinese equities have posted an optimistic V-shaped recovery but we've yet to see similar bullish sentiments from the H-shares. With the market testing the critical 26000 support again over the past week, the price actions looks like buyers are struggling to defend the 26000 level. Times are critical as a break below the 26000 support would see a breach of the key trendline support and complete the head and shoulders pattern. I am keeping my eyes peeled.