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HK50: low shock

Brief analysis of fundamentals:

Hong Kong’s Hang Seng Index closed up 291.91 points, or 1.52%, at 19,539.87 points on March 15 (Wednesday); U.S. bank stocks’ counterattack last night boosted market sentiment, and the three major Hong Kong stock indexes maintained their upward trend throughout the day. Hang Seng Technology The index rose 2%, while the Hang Seng Index and the State Index rose 1.52% and 1.88% respectively. Large-scale technology stocks strongly supported the recovery of the market, major infrastructure stocks became active again, Chinese stocks performed well, and strong-performing gold stocks stalled. The net inflow of southbound funds was 6.214 billion Hong Kong dollars, and the market turnover was 108 billion Hong Kong dollars.

HSI HK50 4-hour chart

Brief technical analysis:

Looking at the 4-hour chart: The short-term momentum maintains shocks and moves down, and the short-term low shocks move up. The market’s bulls have signs of waiting for opportunities to enter the market, but the overall situation is still at a low level. wandering;

Resistance level: 19772 19991

Support level: 19593 19080

Trading strategy: Bullish above 19515, target 19772 19991
Alternative strategy: bearish below 19515, target 19593 19080

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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