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Hang Seng Index: high order

2022-07-06
1167
Basic analysis:

Hong Kong Hang Seng Index closed up 22.72 points, or 0.1%, at 21853.07 points on July 5 (Tuesday); Hong Kong stocks opened higher and went lower. The Hang Seng technology index rose by more than 2% at the beginning of the session, and 22000 points were lost. Large technology stocks rose or fell, with Alibaba up 1.77%, Kwai up 1.33%, Xiaomi down more than 3%, and meituan down 1.7%; Biotechnology stocks continued to rise yesterday, led by internet medical stocks; Today, the net outflow of southbound funds was HK $47 million, and the market turnover was HK $122.6 billion.


Hang Seng Index hk50 4-hour chart




Technical analysis:


According to the 4-hour chart, the high-level short-term consolidation is entangled in the upper rail interval of the Bollinger belt index channel, and hovers after touching the nodes near the middle rail. The Bollinger belt index is in the closing trend, the MACD index is in the long area to maintain the consolidation and translation, and the RSI index is in the 50 balanced online side;


Long short turning point: 21979


Pressing position: 22313, 22582


Support position: 21467, 21153


Trading strategy: 21979 bearish below, goals 21467, 21153


Alternative strategies: bullish above 21979, targets 22313, 22582

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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