HK50 Ascending Channel: Bullish Rebound at Key SupportHong Kong 50 CFDFOREXCOM:HK50DNP-FXThe HK50 index is currently trending within a long-term ascending channel, characterized by a series of higher highs and higher lows since 2024. The price has recently pulled back to test a critical confluence of support at the 24,000 level and the channel's lower boundary; historically, this zone has acted as a reliable floor for price recoveries. If this support holds, the technical outlook projects a bullish reversal targeting the upper resistance line near 29,000, representing a significant upside swing within the established uptrend.