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HSI: continuous upward movement

2022-06-29
1329
Basic analysis:


Hong Kong Hang Seng Index closed up 189.45 points, or 0.85%, at 22418.97 points on Tuesday, June 28; The new crown isolation policy was relaxed, the main indexes of Hong Kong stocks rose sharply in the afternoon, and the Hang Seng technology index rose 0.61%, all of which rose for four consecutive days and continued to rebound to a new high. Online education stocks and mobile game stocks were weak throughout the day, while the medical beauty and yuanuniverse sectors fell significantly. Today, the net inflow of funds going south was HK $4.183 billion, and the turnover of the market was HK $175.9 billion.


HSI hk50 4-hour chart




Technical analysis:


According to the 4-hour chart, the bull power continued to move up near the upper rail of the Bollinger belt index channel, and the intraday low opened higher. The Bollinger belt index continued to open its mouth, the MACD index hovered above the 0 axis, and the RSI index was reorganized above the 50 equilibrium line;


Multi empty turning point: 22101


Pressing position: 22582, 22860


Support position: 21747, 21459


Trading strategy: bullish above 22101, target 22582, 22860


Alternative strategy: bearish below 22101, target 21747, 21459

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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