CM Trade

Download APP to receive bonus


HK50: low position down

Brief analysis of fundamentals:

Hong Kong's Hang Seng Index closed down 448.01 points, or 2.27%, at 19247.96 points on March 14 (Tuesday). The Bank of America's thunderstorm continued, and Hong Kong stocks fell further in the afternoon. The Hang Seng Technology Index once fell by more than 3.2%. It fell 2.59%, while the Hang Seng Index and the State Index fell 2.27% and 2.29% respectively. All three of them wiped out yesterday's rebound gains. Affected by U.S. banking stocks, Hong Kong banking stocks collectively fell, and local banking stocks in Hong Kong fell sharply. The net inflow of southbound funds bucked the trend was 5.234 billion Hong Kong dollars, and the market turnover was 130.8 billion Hong Kong dollars.

HSI HK50 4-hour chart

Brief technical analysis:

Looking at the 4-hour chart: The low-level short-term momentum remains volatile and moves downward, and the short-term decline may continue. The market as a whole is in a short position and continues to move downward.

Resistance level: 19559 19772

Support level: 19080 18925

Trading strategy: bearish below 19356, target 19080 18925
Alternative strategy: call above 19356, target 19559 19772

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar