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HK50: within a narrow range
2023-04-21
813
Brief analysis of fundamentals:
Hong Kong's Hang Seng Index closed up 29.21 points, or 0.14%, at 20,396.97 points on April 20 (Thursday). The Hang Seng Index and the State Index rose 0.12% and 0.09% respectively, while the Hang Seng Technology Index fell slightly by 0.09%. Large-scale technology stocks rose and fell. Meituan rose 3.5%. Semiconductor stocks were active. SMIC continued to record high prices. High-speed rail infrastructure stocks rose. The amount is HK$101.5 billion.
HSI HK50 4-hour chart
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum has retreated within a narrow range, and the bullish trend in the market remains. After the short-term consolidation, there are signs of continued upward movement. The MACD indicator is hovering on the upper side of the 0 axis, and the RSI indicator is hovering weakly near the 50 balance line;
Resistance level: 20496 20612
Support level: 20193 20076
Trading strategy: Bullish above 20326, target 20496 20612
Alternative strategy: bearish below 20326, target 20193 20076
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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