The 22,000 point of the Hang Seng index is more likely to come up after consolidation

In Friday, the Bank of Hong Kong followed the mainland stock market decline, the decline continued to expand after the lower opening, the Hang Seng index fell 22,000 points.　　The Hang Seng index Day closed to 21,865 points, fell 292 points or 1.32%, the silver shares fell significantly, but HSBC (00005) but the city rose, the relevant subscription card attract funds sought after. The mainland's Shanghai and Shenzhen 300 stock index futures were listed on the first day of Friday, when the mainland stock market fell, the Shanghai Composite Index fell 1.1% to 3,130 points, and the Shanghai and Shenzhen 300 index also fell 1.1% to 3,356 points. Shares in Hong Kong have fallen in the mainland, with silver stocks falling particularly notable. In addition, it is worth noting that the closing prices of individual Waterloo rounds did not reflect the level of the closing price of the shares at the close of last Friday when many of the stock prices fluctuated. Although the adjustment of the city, but HSBC continued to strong recently, Friday against the city rose, for a few recorded increases in blue chips, the price of 84.55 yuan, 0.3%, the first paragraph with the big city downward, the minimum see 83.8 yuan rebound, days the highest see 84.9 yuan.　　Technically, HSBC's 10-day average line will soon rise through the 20-day average, maintaining its momentum. In the opposite view, mobile (00941) decline is not light, but also lost 80 yuan level, the 78.9 yuan, fell 2.17%.　　If the $78.14 level of the 10-day average is supported, or the fall can be viewed as a breakthrough in the rear of the large head-shoulder-neck line, it can be tested at a level of $90 as measured by the increase, which is close to the $92.25 high of last August. The bank shares can be regarded as a fall in the city area. However, a Chinese-funded securities companies issued a report that the mainland's latest property control measures, the actual impact on the banking sector, and to give some of the silver shares "long-term buy" rating, including CCB (00939). CCB Friday closed to 6.59 yuan, fell 2.66%, lost 10 days of the average line of 6.7 yuan, the next level of support for 6.44 Yuan.　　In addition, ICBC (01398) also fell, Friday closed to 6.04 yuan, down 2.11%, the same fall of 10-day average line, its 20-day average line is 5.98 yuan. Compared to U.S. stocks, Hong Kong stocks are lagging behind, at about 13 times times the current valuation of the index, while the long-term average is 12.9 times times higher and not overvalued. Therefore, in the context of economic recovery and appreciation of the renminbi, at least for the current year's highs have not come out, especially in the interest rate hike before the start, the possibility of continuing upward after the consolidation is relatively large, short-term still need to be in the top 22,000 point of consolidation.