17,600 points will be the short-term support of HSI

-The first Shanghai securities Ye Shangzhi This week continued to adjust the trend, the second consecutive trading day fell. The market performance of abnormal fluctuations, the Hang Seng index early in the fall of 18,000 points of psychological support, triggering a technical sell, led to a small panic selling. The recent decline in Hong Kong's trend, the author temporarily to the rise after the adjustment to see.　　In view of the decline in Hong Kong stock trading volume, substantial selling pressure did not enlarge, in addition to the peripheral stock market has not seen the obvious signs of going bad, I believe that the current Hong Kong stocks should have entered the stage of the adjustment, whether the future will reverse the three-month upward trend remains to be seen, the Hang Seng index of short-term key support in the 17,600-point level. The Hang Seng index fell repeatedly in Tuesday, with a one-time fall to 17,710 points of the day low, but the mainland a a-share in the afternoon turn to rise, thereby driving Hong Kong to regain some of the lost territory, the Hang Seng index closed 18,058 points, down 195 points, turnover further reduced to only 71.9 billion Hong Kong dollar,　　In the big city, the short selling amount remained at a low level, representing only HK $3.2 billion, which accounted for less than 5% of the total turnover. At present, the Hang Seng index in the 19,000 points before the fall, and the formation of short-term and repeated push adjustment posture. However, before the Hang Seng index did not further fall through 17,600 points, I believe the market has not been fatal damage. In fact, the Hang Seng index 20th average and the previous wave top (May 11 intraday highs) are located at 17,668 and 17,686 points respectively, therefore, 17,600 point level is a technical support with dual significance, can be used as the Hang Seng index of the key support level. However, the Hong Kong stock market in early Tuesday had a panic selling, after the fall of the psychological threshold of 18,000 points, the June period in just 5 minutes slipped nearly 400 points, this is a panic selling performance. However, the emergence of a panic sell-off is likely to be the final phase of the adjustment, after the release of selling pressure, the big city may also be stable.　　Overall, the Tuesday appeared in the lower 17,710 point, the short-term should not be broken, but if the broken, the large plate of the structure may have problems. From the plate point of view, the major large market stocks are showing a trend of adjustment, especially in the resource stocks and shipping stocks in the context of large-scale killings, the market atmosphere was seriously hit. However, the weight of the Exchange control (00005.HK) after repeated adjustment of six trading days, the initial signs of stabilization, the closing of the 64 Hong Kong dollar, slightly down 0.8%. and Mobile (00941.HK) in the last two trading days also appeared a large range of shocks, or a short-term direction of action on the eve of the move, the shares in Tuesday, the market slightly rose 0.06% to 79.35 Hong Kong dollar closed. The author is more concerned about the trend of Chinese insurance stocks, look forward to China Ping ' an (02318.HK) resumption of trading transactions can see a good news announcement. In fact, in the major large-cap stocks, the most opportunity to become a new round of leading shares is also the mainland insurance stocks. In addition, Sinopec (00386.HKRecently, the price of refined oil prices in the mainland has been significantly lower than the expected impact, the stock prices continued to be a sharp correction, but the stock has fallen to the 250 daily average below the line, short-term low suction deployment operation of the value of the rate began to rise, it is worth attention.