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HK50: High bit downlink

2022-11-22
471
Basic analysis:


Hong Kong Hang Seng Index closed down 336.63 points, or 1.87%, at 17655.91 on November 21 (Monday); Hong Kong stocks fluctuated at low levels throughout the day. The Hang Seng Science and Technology Index fell nearly 5% for the first time, while the Hang Seng Index and the National Index fell 1.87% and 2.02% respectively. On the market side, the sluggish performance of large science and technology stocks throughout the day dragged down the market. JD fell 5.23%, and hotel and catering stocks, tourist attractions stocks, aviation stocks and other stocks affected by the epidemic fell across the board; The net inflow of Nanxia's capital throughout the day was HK $6.382 billion, and the turnover in the big market was HK $110.2 billion.


Hang Seng Index HK50 4 Hour Chart




Technical analysis:

The 4-hour chart shows that high short positions move downward, short-term short positions begin to emerge, and the market gradually declines. The MACD index hovers in the upper side of the 0 axis, and the RSI index is in the weak consolidation near the 50 equilibrium line;

Empty turning point: 17762

Pressing: 18000, 18232

Support: 17425, 17220

Trading strategy: 17762 lower bearish, target 17425, 17220

Alternative strategy: bullish above 17762, target 18000, 18232

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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