CM Trade

Download APP to receive bonus

GET

Hang Seng Index fell to 22000 again

2022-06-02
928
Fundamental analysis:

Hong Kong Hang Seng Index closed down 120.26 points, or 0.56%, at 21294.94 points on Wednesday, June 1; Hong Kong stocks failed to continue their rebound today. The Hang Seng technology index fell 1.12% and the Hang Seng technology index fell again to 22000 points. Today, the southward capital bucked the trend with a net inflow of HK $2.265 billion, and the market turnover was HK $126billion.


Hang Seng Index hk50 - 4-hour K-line chart display:




Technical comments: the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, and the high level reached the node near 21421. The short-term bull pull-up trend remained high, the Bollinger belt index continued to close, the MACD index hovered above the 0 axis, and the RSI index was in the 50 equilibrium line;


Multi empty turning point: 21182


Pressing position: 21594, 21966


Support position: 20811, 20505


Trading strategy: down 21182, target 20811, 20505


Alternative strategy: bullish above 21182, goals 21594 and 21966


The above analysis is a personal point of view and is for reference only.

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More