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Hk50: weak low shock

2022-07-29
1162
Basic analysis:

Hong Kong Hang Seng Index closed down 47.36 points, or 0.23%, at 20622.68 on Thursday, July 28; Hang Seng technology index was relatively strong, and kept rising throughout the day, closing up slightly by 0.35%. Technology stocks rose or fell, with Xiaomi up 2.36%, baidu up 1.69%, and jd.com, Alibaba and meituan down more than 1%; Institutions expect Macao to announce the new gambling results as soon as late November, and haobet stocks are active.


Hang Seng Index hk50 4-hour chart




Technical analysis:


According to the 4-hour chart: in the short term, it is in a narrow triangle shape, and the amplitude space is gradually narrowed, and the market is about to usher in a new inflection point. The MACD index is weak under the 0 axis, and the RSI index is narrow under the 50 equilibrium line;


Long short turning point: 20675


Pressing position: 20822, 21025


Support position: 20430, 20302


Trading strategy: bearish below 20675, goals 20430, 20302


Alternative strategy: bullish above 20675, target 20822, 21025

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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