$CCB(00939.HK)Technical analysis of 939 HK stock

Current price situation

China Construction Bank (939) is currently fluctuating within a sideways consolidation range, showing short-term weakness. Below is an analysis of technical support levels and target prices.

Support levels

1. First support level: 5.77

* Close to previous lows. If the price retraces to this level, it is recommended to watch for signs of stabilization.

2. Second support level: 5.65

* This area has served as support multiple times. If broken, further downside is possible, but reversal signs should still be monitored.

3. Final support level: 5.18

* A key psychological level. If this area is breached, further weakness may follow.

Target prices

1. First target price: 6.10

* Short-term rebound resistance area, a stable profit-taking level.

2. Second target price: 6.19

* Near recent highs. A breakout could lead to further upside potential.

Strategy recommendations

* Entry timing: Watch between 5.77 and 5.65. If stabilization or reversal signals appear, consider entering in batches.

* Profit targets: First target at 6.10, second target at 6.19.