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HK50: High -level shock

Fundamental analysis:
The Hong Kong Hang Seng Index closed at 60.53 points on January 6 (Friday), a decrease of 0.29%to 20991.64 points; the continuous rise in Hong Kong stocks finally recovered. Okay, the opening of the door in the first week of 2023. The trend of large -scale technology stocks with continuous unilateral rising, Alibaba, JD, and Baidu maintained their rising market. Meituan fell more than 4%, and the net inflow of funds southward was 1.112 billion Hong Kong dollars.

Hang Index HK50 4 Hour Map

Technical analysis:
4 hours of map view: High -level short -term narrow shocks, the market's bullish mood has begun to weaken, but it is still in a high level. The MACD indicators are in a high -level area of the multi -headed area.
Multi -short turning point: 20966
Suppression: 21388, 21625
Support: 20700, 201441
Trading strategy: Bull above 20966, target 21388, 21625
Alternative strategy: Decline below 20966, target 20700, 20441

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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