16 Nov 2021 | The heads of state met but the deal was still not strong

$TENCENT (00700.HK)$ $HAIDILAO (06862.HK)$ $MEITUAN-W (03690.HK)$ $XIAOMI-W (01810.HK)$ In terms of Hong Kong stocks, the market expects that the relationship between China and the US dollar will improve after the first video conference, and there is news that game versions may resume approval in the near future. In addition to driving a sharp rise in game stocks, the market also hopes that the Chinese government will relax earlier regulations on all industries, and that gambling, real estate, education, pharmaceuticals, etc. will also be promoted across the board, driving the market upward. The Hang Seng Index finally closed at 25,317 points, up 322 points, but the transaction was not strong. It was only 131 billion, and the number of shares rose by 60%, reflecting a certain improvement in the market atmosphere. However, after three consecutive days of rising Hong Kong stocks, Beishui still recorded a net outflow, and all seven consecutive increases were completed in the absence of transactions, indicating that Hong Kong stocks are still in a tight state. In summary, there has been a certain degree of improvement in the technical trend of Hong Kong stocks. The next positive level is 26600. Hong Kong stocks need to rise above and stabilize at this level before they have a relatively large rise. Otherwise, there is a high chance that they will enter a pattern of rising and falling markets