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HK50: Low level oscillation

2022-10-28
612
asic analysis:


Hong Kong Hang Seng Index closed up 110.27 points, or 0.72%, at 15427.94 on October 27 (Thursday); The rise of the three major indexes of Hong Kong stocks narrowed in the afternoon, the yield of US treasury bonds and the US dollar index fell overnight, benefiting from the strength of the RMB. The net inflow of funds from the south throughout the day was HK $6.488 billion, and the turnover in the big market was HK $122.9 billion. Large technology stocks continued to rebound, while rare earth concept stocks, anti epidemic concept stocks, pork concept stocks and other stocks weakened.



Hang Seng Index HK50 4 Hour Chart




Technical analysis:


The 4-hour chart shows that the bearish power remains in shock downward, and the low short-term shock shows signs of moving up, but it fails to break through continuously. The MACD indicator is in the short position area for consolidation, and the RSI indicator is in the short position area for weak hovering;


Empty turning point: 15553


Pressing: 15864, 16247


Support: 15115, 14806


Trading strategy: 15553 bearish, target 15115, 14806


Alternative strategy: bullish above 15553, target 15864, 16247

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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