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Hang Seng Index: Slow down

2023-09-11
364
Basic face analysis:


On Monday (September 11), Hong Kong's equity of science and technology stocks fell into a large market. In the morning, the three major indexes fell across the board. The decline in the afternoon narrowed, and the HSI closed down 0.58%. Looking forward to the market outlook, the growth rate of stock profit continues to bottom. In the future, with the steady growth and the inventory cycle, the economy is expected to gradually repair, driving the growth rate of Hong Kong stocks to rise in the second half of the year.

HK50 four -hour chart



Technical analysis:

Looking at the 4-hour chart, after the HSI is low, the support is supported at 17850. The MACD amount can be reduced below the zero axis. The short-term trend is not clear. The support is near 17850-17550, and the resistance is 18250-18500.

Resistance position: 18250 18500
Support bit: 17850 17550

Trading strategy: Bull above 17850, target 18250 18500
Alternative strategy: 78850, go below, target 17550 17300

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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