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Hang Seng Index: continuous fluctuation

2022-06-24
1194
Basic analysis:


Hong Kong Hang Seng Index closed up 265.53 points, or 1.26%, at 21273.87 points on Thursday, June 23; The main indexes of Hong Kong stocks showed strong performance throughout the day, the popular sectors rose generally, and the overall mood was good. Large technology stocks rose collectively, with Alibaba up 6.4%, Netease up more than 2%, and Xiaomi, Tencent and jd.com all up more than 1%; Today, the net inflow of funds going south was HK $3.441 billion, and the turnover of the market was HK $120.5 billion.



HSI hk50 4-hour chart




Technical analysis:


According to the 4-hour chart: in the short term, the bourin belt index channel continued to fluctuate, the bourin belt index continued to close, the market has not given the final direction, the MACD index is weak around the 0 axis, and the RSI index is narrow around the 50 equilibrium line,


Long short turning point: 21099


Pressing position: 21555, 21857


Support position: 20735, 20490


Trading strategy: bullish above 21099, target 21555, 21857


Alternative strategy: bearish below 21099, target 20735, 20490


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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