Hang Seng Index Futures : Technical Rebound Capped By 20-Day SMA Line
Hang Seng Index Futures : Technical Rebound Capped By 20-Day SMA Line
The HSIF failed to extend its technical rebound yesterday, as the 20-day SMA line resistance level proved to be too strong.
恒指昨天未能延续技术反弹，因为20天移动平均线的阻力水平证明太坚强了。
RHB Retail Research (RHB) in a note today (July 24) said the index began trading at 17,663 pts.
RHb零售研究（RHB）在今天的一份报告中表示，指数从17,663点开始交易。
After touching the 17,775-pt intraday high, it reversed to the 17,458-pt intraday low.
触及17,775点的日内高点后，即转为17,458点的日内低点。
It closed at 17,501 pts. In the evening, it was last seen at 17,516 pts.
收于17,501点。晚上它最后一次见到的是17,516点。
The latest bearish candlestick, coupled with the downtrending RSI, shows that bearish momentum is gaining traction.
最新的看淡k线，再加上下行趋势的RSI，显示看淡动能正在加强。
On the upside, the 20-day SMA line remains the overhead resistance level, and is putting downward pressure on the index.
在上行方面，20天移动平均线仍然是头部阻力水平，并对指数施加向下的压力。
As long as the index stays below the short-term moving average line, it is likely to resume downward movement towards the 17,000-pt support level.
只要指数保持在短期移动平均线之下，可能会向17,000点支撑水平恢复向下运动。
Given the bearish momentum, they held on to the negative trading bias.
考虑到看淡动能，他们保持负面的交易倾向。
RHB noted that traders should retain the short positions initiated at the close of 30 May (18,126 pts).
RHb指出，交易员应保留5月30日收盘（18,126点）初始的开空仓位。
To manage the trading risks, the stop-loss is set at 18,500 pts.
为管理交易风险，止损点位设定在18,500点。
The immediate support is marked at 17,000 pts, followed by 16,000 pts.
即时支撑位标记在17,000点，其次是16,000点。
On the upside, the immediate resistance is still pegged at 18,000 pts, followed by 18,500 pts.
在上行方面，即时阻力仍然固定在18,000点，其次是18,500点。