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Hang Seng Index: Unilateral Falling

2023-08-21
519
Basic face analysis:


The three major indexes of Hong Kong stocks fell on Monday (August 21), and the HSI fell 1.82%to refresh the low price and set a new low since December last year. Looking forward to the market outlook, the domestic policy is expected to rise and stack the Fed's interest rate hike cycle close to the end. Hong Kong stocks may have a rising window period to make style switching strategies under a large box shock market.

HK50 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the HSI fell below 17,900, and the amount of MACD could continue to measure below the zero axis. The resistance was 17800-19000.

Resistance position: 17800 19000
Support bit: 17300 17000

Trading strategy: 7,800 to see below, target 17300 17000
Alternative strategy: 17800 to see the bullish, target 19000 19300

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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