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HSI: Continue to fall

2023-09-05
510
Basic face analysis:

On Tuesday (September 5th), the three major indexes of Hong Kong stocks fell all day. The decline in the afternoon further increased, the HSI fell 2.06%, and the market sentiment again fell into a downturn. Looking forward to the market outlook, the mid -term structure of the HSI is facing pressure, and it is expected to fluctuate.

HK50 four hours



Technical analysis:

Looking at the 4-hour chart, the HSI fell to 18500 again. The amount of MACD could shrink on the zero axis. It supports the focus of attention near 18250-18000, and the resistance is near 18700-19000.

Resistance position: 18700 19000
Support bit: 18250 18000

Trading strategy: Show below 18250, target 18000 17700
Alternative strategy: Bull above 18250, target 19700 19000

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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