Hang Seng Index Futures : Moving Below The 20-Day SMA Line
Hang Seng Index Futures : Moving Below The 20-Day SMA Line
The HSIF continued to trend lower yesterday, trading below the 20-day SMA line.
恒生指數昨日繼續走低，交投在20日簡單移動平均線下方。
It began trading at 17,746 pts. It then rose to the 17,894-pt intraday high before closing at 17,809 pts – below the 20-day SMA line.
恒生指數開盤報17446點，之後升至17894點的盤中高點，最終以17809點收盤，低於20日簡單移動平均線。
At the time of writing, the index last traded at 17,774 pts during the evening session.
撰稿時，在夜間交易期間，該指數最後報17774點。
As mentioned in our previous report, the bears will have the technical advantage if the index trends below the 20-day SMA line.
正如我們在之前的報告中提到的，如果該指數走勢低於20日簡單移動平均線，看淡派將擁有技術優勢。
The short-term moving average line is rounding lower, putting downward pressure on the index.
短期移動平均線呈向下趨勢，對該指數構成壓力。
The bears may attempt to test the 17,500-pt immediate support level. In a bearish setup, a bearish breakout is likely.
如果看淡派成立，熊市風險可預期，熊市突破大概率發生。
If this happens, the index may extend its correction towards the lower support level at 17,000 pts.
如果發生這種情況，該指數可能會延長回調，觸及更低的支撐位17000點。
Meanwhile, the strong resistance remains intact at 18,500 pts.
與此同時，強勁的壓力位在18500點仍然保持不變。
As the technical setup remains bearish, they made no change to the negative trading bias.
由於技術形態依然看淡，他們沒有改變看跌交易偏見。
They noted traders are advised to hold on to the short positions initiated at the close of 30 May (18,126 pts).
他們注意到建議交易員持有於5月30日收盤(18126點)形成的開空頭寸。
To mitigate the trading risks, the stop-loss is fixed at 18,500 pts.
爲了減少交易風險，止損位被設定在18500點。
The nearest support stays at 17,500 pts, followed by 17,000 pts, while the first resistance is still pegged at 18,500 pts, followed by 19,000 pts.
最接近的支撐位在17500點，接下來是17000點，而第一個壓力位仍然鎖定在18500點，接下來是19000點。