50-day support for Hang Seng index still to be adjusted downwards

Source: Internet
Author: User
Keywords Price
Tags closed continued index market market continues return stock stock market
Rich securities Zhangzhihao Future resistance level: 18800 support bit: 17000 U.S. stocks in recent days after a slight return to stability, Hong Kong stocks yesterday to open 72 points, but after the rally did not follow, at one point fell more than 200 points see 17,509, and fell through the 50-day line; But the continued strong performance of the mainland stock market led to an afternoon pick-up  Heng Rose 69 points to 17,790 points, the state refers to 67 point 10,663 points. Mainland stock market continued strong, a-share index rose 44 points to 3,278 points, the Shanghai index also kept a steady 3,100 points. The market continues to worry that the mainland will further tighten mortgage loans, housing stocks continue to be under pressure, China's overseas (688.HK) reverse Market 4.1%  To 16.08 yuan into the largest blue chip; However, the Government's measures should be aimed at warning market speculators, and the impact on the actual use of the home will not be significant, and the continued easing of monetary policy throughout the year is not going to change, so this time the housing decline offers investors a chance to take advantage of the low A few days ago, the market will provide 3 billion U.S. dollars for the shares of the Bank of China Merchants (3968.HK) issued a statement confirming the study of supplementary capital matters, but did not have a definite plan; its share price performance is soft, the closing down 3.3% reported 15.86 Yuan. Citi maintained its "sell" rating, while JPMorgan said it had a large fund-raising opportunity but was not in urgent need of it, and expected its primary capital ratio to be maintained to 6.5%, with a return on equity of 20% per cent, maintaining a "neutral" rating.  However, the share price of the bank has gone up and down in the short term, and it should not be zhanshou when stock prices are not showing signs of stabilization.  U.S. stocks last night, but still repeatedly stabilized; The main components of the index in the United States Pre-trust securities (ADR), the closing price changes are small, the Japanese stock after days of decline in the current rebound, Hong Kong stocks this morning can be slightly high opening. Although Hong Kong stocks have temporarily stabilized, the resistance between the Hang Seng index and the 18,600 to 19,000 points is obvious, the level of support is only short, there is still no indication that the adjustment has been completed; the Hang Seng index further supports 17,000 points.
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