52-Week High/Low Case Study : Hang Seng Index (HSI)

During 2008/09 US Subprime Crisis, Hang Seng Index (HSI) touched its 1st 52-week Low of 19,220.28 points on 11 Sep 2008. Thereafter, the market continued its downward and touched a new Low of 16,283.72 points on 18 Sep 2008.

That worked out a huge sum to gain for a short position, with a return of 2,936.56 points.

HSI rebounded to a high of 19,869.02 on 22 Sep 2008 which broke 11 Sep 2008 high of 19,854.82 before it reversed and continued its downtrend - New Lowest of 10,676.29 on 27 Oct 2008 was recorded.

Below is the chart on HSI with 52-week High.

Source :
1) Metastock