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HSI: low consolidation

2023-08-22
273
Basic face analysis:

On Tuesday (August 22), the three major indexes of Hong Kong stocks ushered in the outbreak of the afternoon. The HSI finally closed up 1.98%and recovered the 4,000 -point mark. Looking forward to the market outlook, the current valuation of Hong Kong stocks is located at a low level in history. It has long -term configuration value under the background of the macro environmental path is clear.

HK50 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the HSI is maintained at 17900, and the amount of MACD can continue to measure below the zero axis. The resistance is 17900-18300.

Resistance position: 17900 18300
Support bit: 17500 17200

Trading strategy: 7900, go below, target 17500 17200
Extracting strategy: Bulling above 17900, target 18300 18700

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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