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Hang Seng Index: short-term shock downward

2022-07-04
1239
Basic analysis:

Hong Kong Hang Seng Index closed down 137.1 points, or 0.62%, at 21859.79 points on June 30 (Thursday); Hong Kong stocks are now diving in the afternoon. The Hang Seng technology index once fell to 2.5%, but it still fell 1.36% after recovering in the late trading, and fell 4900 points. Hong Kong stocks ended the first half of the year, and technology stocks generally fell. As a market weathervane, heavyweight technology stocks were in a collective downturn, with meituan down more than 4%, Tencent down 2.9% and Alibaba down more than 2%. Hong Kong Stock Exchange last Friday The establishment anniversary of the Hong Kong Special Administrative Region is closed for one day.


Hang Seng Index hk50 4-hour chart




Technical analysis:


Looking at the 4-hour chart: the high short power fluctuated downward in a narrow range, and it was about to touch the nodes near the middle rail of the brin belt index. The brin belt index began to close after opening its mouth. The MACD index was in the long area to maintain consolidation and translation, and the RSI index was in the long area to maintain consolidation and slow downward;


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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