162 and 172 (April 16, 2024)

Preface: The conflict between Iran and Israel last weekend has made the market tense. What will happen after the tension...

Hong Kong Stock Market Update

$Hang Seng Index(00HSI.HK) continued to open lower and decline today, falling further after the opening and finally closing at 16,249 points, down 351 points. The trading volume was HKD 114.6 billion.

Strategy

Last week, there was once hope that $Hang Seng Index(00HSI.HK) could break upward, but unfortunately, it turned back before the 17,200 resistance level. Based on the current chart, the trading range for $Hang Seng Index(00HSI.HK) should hover between 16,200 and 17,200 (with an expected overshoot of around 100 points). If the index fails to break through, continuous observation is needed. The current market is not suitable for large-scale trading.

Good luck to everyone.

Postscript: Recently, I've been organizing a series of information and hope to sort it out within this week to share with everyone.

(The above views represent my personal opinion only. Any investment strategies provided in this article may not be suitable for everyone and should not be considered as an invitation or intention to buy or sell financial products. Securities prices may rise or fall, or even become worthless. Trading securities does not necessarily guarantee profits and may result in losses. Investors and clients should exercise caution and consider this as one of many factors when making investment decisions.)