12.10 Close Comment: Hong Kong stocks fell, how to go next week?
Hello everyone, I'm Lao Li.
Today's market decline, has been tracking the old Li article friends psychology should have expected, in yesterday's re-opening article lao Li has made it clear that the market has a correction in demand, so today's decline is completely within our expectations.
Today as scheduled correction, the afternoon chips have obvious signs of flight, the main reason is that the index from the low point of rapid rise, in the short term accumulated a large number of profit-taking, coupled with yesterday also said that the current overall market trend has not to reverse the structure, this year Hong Kong investors have been losing money, worried about the market's weak profits in the loss back small differences are understandable, there is a possibility that there is a Central Bank meeting minutes, may be early speculation, leading to short-term volatility, this week's profit is also understandable.
Technical level index is close to the upward channel pressure to fall back, below the support 23800 near next Monday if the back pedal can not be low suction, waiting for the index out of the small N-shaped upward structure.
Today's market decline, has been tracking the old Li article friends psychology should have expected, in yesterday's re-opening article lao Li has made it clear that the market has a correction in demand, so today's decline is completely within our expectations.
Today as scheduled correction, the afternoon chips have obvious signs of flight, the main reason is that the index from the low point of rapid rise, in the short term accumulated a large number of profit-taking, coupled with yesterday also said that the current overall market trend has not to reverse the structure, this year Hong Kong investors have been losing money, worried about the market's weak profits in the loss back small differences are understandable, there is a possibility that there is a Central Bank meeting minutes, may be early speculation, leading to short-term volatility, this week's profit is also understandable.
Technical level index is close to the upward channel pressure to fall back, below the support 23800 near next Monday if the back pedal can not be low suction, waiting for the index out of the small N-shaped upward structure.
$TENCENT (00700.HK)$ Tencent is currently on the left, the stock price will not perform as strong as the index in the short term, is now mainly shock repair, but the support of the rising channel is still. At present for Tencent is to fall back 460 support low suction-based, above the focus on convergence pressure 500 near, if not effectively break through the standing position on high throw low suction, this interval back and forth to do T.
$MEITUAN-W (03690.HK)$ Group is also the same as Tencent, is currently concussion repair-oriented, under the support of 238, near the support can be low-sucking, shock market must not chase up.
$BYD COMPANY (01211.HK)$ BYD sales data is also a new high, we have no doubt about BYD's fundamentals, the outlook is also very optimistic, but the short-term market capital differentiation is more serious, or need to pay attention to 280 this upward trend line, if falling below this point, the short-term grinding trend will be very uncomfortable.
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