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HK50: within a narrow range

2023-04-28
824
Brief analysis of fundamentals:

Hong Kong’s Hang Seng Index closed up 83.01 points, or 0.42%, at 19840.28 points on April 27 (Thursday). %, the Hang Seng Technology Index was weaker and fell 0.26%. Large-scale technology stocks were mixed, Kuaishou rose by more than 1%, Xiaomi and Meituan rose slightly, and domestic insurance stocks led the gains throughout the day. , the market turnover was HK$97 billion.

HSI HK50 4-hour chart



Brief technical analysis:

Looking at the 4-hour chart: After the short-term momentum maintained a shock and went down, the low-level short-term shocks, the market decline began to weaken, and the bullish momentum showed signs of waiting for an opportunity to enter the market. The MACD index hovered below the 0 axis, and the RSI index was below the 50 balance line. Weak consolidation;

Resistance level: 19900 20030

Support level: 19521 19368

Trading strategy: Bullish above 19667, target 19900 20030
Alternative strategy: bearish below 19667, target 19521 19368

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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