CM Trade

Download APP to receive bonus


Hk50: low shock down

Brief analysis of Fundamentals:

Hong Kong's Hang Seng Index closed down 145.22 points, or 0.74%, at 19452.09 on Friday, September 2; The market was shrouded in the expectation of radical interest rate increase in the United States, and Hong Kong stocks fell again, with Hang Seng technology index falling 1.44%. Large tech stocks fell in general, with a net inflow of HK $1.105 billion of southbound funds against the trend, with a large market turnover of HK $110.2 billion.

Hang Seng Index hk50 4-hour chart

Technical analysis:

According to the 4-hour chart, the market is shrouded in short-term sentiment, the short-term decline has not stopped, the low point in the early stage is close at hand, and the breaking point is imminent. The MACD index is hovering in a weak position on the lower side of the 0 axis, and the RSI index is in a weak position on the lower side of the 50 equilibrium line;

Long and short turning point: 19439

Pressing position: 19629, 19796

Support position: 19134, 18969

Trading strategy: 19439 bearish, target 19134, 18969

Alternative strategy: 19439 bullish, target 19629, 19796

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