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Hk50: low weak shock

2022-08-30
528
Basic analysis:

Hong Kong's Hang Seng Index closed down 146.82 points, or 0.73%, at 20023.22 on Monday, August 29; The US interest rate hike of 75 basis points was expected to rise, and the global financial market fell in response. The three major indexes of Hong Kong stocks showed weak performance throughout the day. The Hang Seng Index fell 0.73%, narrowly guarding the 20000 point mark. The national index and Hang Seng technology index fell 0.7% and 1.23% respectively. The net inflow of southbound funds was HK $3.017 billion, and the market turnover was HK $91.7 billion.; China and the United States signed an audit and regulatory cooperation agreement, and the Weibo, baozun e-commerce, and shell of China concept stocks returned to Hong Kong kept rising. The performance of meituan exceeded expectations and increased by 2.6%.


Hang Seng Index hk50 4-hour chart




Technical analysis:


According to the 4-hour chart, after the low-level short-term rapid rise, the short-term sentiment attacked again, the market weakness continued, and the low-level fluctuation trend continued in the short term. The MACD index hovered at the lower side of the 0 axis, and the RSI index was at the 50 equilibrium online side;


Long and short turning point: 19957


Pressing position: 20186, 20431


Support position: 19732, 19539


Trading strategy: bearish below 19957, target 19732, 19539


Alternative strategy: bullish above 19957, target 20186, 20431

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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