Hong Kong stocks opened lower and lower yesterday, and finally closed at a near-day low, falling 810 points or 2.8% to close at 27985 points
the H-Share Index fell more than 3%, and market turnover increased to 132.8 billion yuan, the fourth largest order in the past year. Day deals. The Hang Seng Index fell heavily, and the 28000 mark also fell short. The two-day high retreated nearly 1200 points, and the decline was rapid. It is expected that the situation will weaken before the Lunar Holiday, and investors should not prematurely bottom out.
On the daily chart, the Hang Seng Index has consolidated between 28600 and 29200 points since last week
After the sharp drop yesterday, it broke below 10 days and 20 antennas (28427 points). The 14RSI fell below 50, and the MACD showed a bullish sell signal. The short-term direction is biased. Weak, the situation is similar to early May last year. The Hang Seng Index is expected to fall. The 27,400-point level will be tested first, that is, the rising gap last month and the 50 antenna (27,482-point). The last line of defense is 26,500, which is the rising trajectory since August last year. Once it falls or breaks further The front bottom is 24900 points.
Inflow of discounted bulls
Hong Kong stocks plunged yesterday. There were 188 HSI Bull Contracts to be targeted yesterday, involving more than 3,500 futures on the street. Funds flowed into the discounted bull market in a big way and rebounded. The heavy cargo area recovered from 27500 to 27999 points. The size of street goods was much larger than that of the bear warrants. It was also closer to the current price of the HSI. The short-term decline of the HSI has a great chance of slaughtering bulls.