Personal analysis, for everyone's reference.
$MEITUAN-W (03690.HK)$ Last night, the pre-market trading in the U.S. fell due to the suggestion of the hawkish king to continue raising terminal interest rates. Technology stocks generally opened lower, with Alibaba's performance also down 3% at the opening. After the opening, Alibaba traded sideways at V, pulling up by 10%+ and closing with an 8% increase. Chinese concept stocks surged, dragging the Nasdaq along. Towards the closing, Bank of America lowered building loan rates by 60 basis points, causing the Nasdaq to continue to rebound. However, it still lacked the strength of Chinese concept stocks. The upward movement of the Nasdaq was mainly driven by Chinese concept stocks, while local technology stocks there still opened lower. If the Nasdaq falls below yesterday's low point today, the future outlook remains weak. Moving to the Hong Kong stock market, even though half of the short positions were closed/reduced yesterday, some individual short positions remain. Today opened 350 points higher, getting ready to form the appearance of the 4th wave heading towards 19,000. Personally, I believe this wave will diverge, with limited upside potential. Short-term investors still need to actively close the remaining short positions. It's expected to experience a slight pullback after the opening, which can be closed during the pullback. Short-term investors can turn around and continue to go long until crossing below 17,700 again to form a top/sideways movement. Note that starting from yesterday it's already a small position strategy, for the medium term, continue to maintain locked positions. The future is definitely a sideways shake, slowly forming a wave top for short-term trades with small positions, supporting level for the day is 18,200, resistance level is 18,500. $TRIP.COM-S (09961.HK)$ $TENCENT (00700.HK)$
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