CM Trade

Download APP to receive bonus

GET

The financial secretary said that in the listing in Hong Kong, all shares were included in the Hong Kong stock connect

2022-06-16
878
Fundamental analysis:

Hong Kong Hang Seng Index closed up 240.22 points, or 1.14%, at 21308.21 points on Wednesday, June 15; The main indexes of Hong Kong stocks performed strongly throughout the day, and the Hang Seng technology index rose 2.35%. On the disk, online education stocks continued to rise sharply. New Oriental online soared by more than 54% again, and its share price nearly quadrupled in four days! Large financial stocks (Chinese securities companies, insurance companies and banks) performed well, while domestic housing stocks and property management stocks continued to rebound. In an interview, financial secretary chenmaobo said that at present, he is trying his best to ask the relevant mainland departments to allow Chinese concept stocks listed in Hong Kong to be included in Hong Kong stock connect.


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




Technical comments: the nodes in the upper rail section of the Bollinger belt index channel continued to vibrate and rise, the high level reached the node near 22032 and retreated when it was blocked. It was supported and reversed and pulled up again when it touched the lower rail 20572. It was in the consolidation of the lower rail side of the Bollinger belt index, and the short-term bull dynamic force showed signs of continuing to move upward. The Bollinger belt index continued to move in a closing trend, and the MACD index began to move after it slowly retreated in the long area, The RSI index is near the 50 equilibrium line, and the narrow range finishing moves upward;


Multi empty turning point: 21129


Pressing position: 21554, 21886


Support position: 20718, 20319


Trading strategy: bullish above 21129, target 21554, 21886


Alternative strategy: bearish below 21129, target 20718, 20319


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