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HK50: hovering at a high level
2023-01-12
1114
Brief analysis of fundamentals:
Hong Kong’s Hang Seng Index closed up 104.59 points, or 0.49%, at 21,436.05 points on January 11 (Wednesday). Narrowed to 0.49% and 0.65%, large-scale technology stocks rose and fell mixed, Alibaba and Tencent rose more than 3%, the net inflow of southbound funds was 3.025 billion Hong Kong dollars, and the market turnover was 165.8 billion Hong Kong dollars.
HSI HK50 4-hour chart
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is slowly moving upwards, the market’s bullish sentiment continues, and there are signs of continued upward movement in the short term. The MACD indicator is hovering at a high level in the bullish zone, and the RSI indicator is in a high level consolidation in the bullish zone;
Long and short turning point: 21324
Suppression: 21697, 21948
Support: 21093, 20853
Trading strategy: Bullish above 21324, target 21697, 21948
Alternative strategy: bearish below 21324, target 21093, 20853
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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