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Hang Seng Index: Weaken slightly

2023-08-31
588
Basic face analysis:

On Thursday (August 31), the three major indexes of Hong Kong stocks showed a high and low market. The end of the HSI fell nearly 1%, and eventually fell 0.55%. After ending in August, the HSI continued to lose the 20,000 and nineteen. Looking forward to the market outlook, under the frequent policies, it is expected to support Hong Kong stocks to stabilize and recover.

HK50 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the HSI weakened again, the rebound 18600 continued to be blocked. The MACD volume could be reduced above the zero axis. It supports the support of attention near 18200-17900, and the resistance focuses on the 18700 line.

Resistance position: 18700 19000
Support bit: 18200 17900

Trading strategy: Below the drop below 18700, target 18200 17900
Essential strategy: Bullies above 18700, 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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