HSIF Rebound Fails To Break Key Levels, Short Position Bias Maintained
HSIF Rebound Fails To Break Key Levels, Short Position Bias Maintained
Key support levels are at 20,000 and 19,000 points, while resistance is seen at 21,250 and 22,000 points.RHB Investment Bank Bhd (RHB Research) advises traders to maintain short positions on the Hang Seng Index Futures (HSIF) as bearish technical signals persist. Despite a 107-point rise to close at 20,611 points on Friday, the HSIF remains below the critical 20-day simple moving average (SMA) line, suggesting that bearish sentiment still dominates.
The index fluctuated between highs of 20,787 and lows of 20,283 during the day but lost some gains in the evening session, last trading at 20,522 points. A pattern of "lower highs" on the relative strength index (RSI) suggests diminishing bullish momentum, indicating that the HSIF is likely to see sideways consolidation in upcoming sessions.
If the HSIF drops below the 20,000-point support level, a further retracement to 19,000 points is anticipated. RHB Research recommends holding short positions initiated at the close of 9 October (20,628 points), with a stop-loss set at 22,000 points to manage risk.
如果恒生指數跌破20,000點的支撐位，則預計將進一步回撤至19,000點。RhB Research建議持有10月9日收盤時開始的空頭頭寸（20,628點），止損設定爲22,000點以管理風險。
Key support levels are at 20,000 and 19,000 points, while resistance is seen at 21,250 and 22,000 points.
關鍵支撐位在20,000點和19,000點，而阻力位在21,250點和22,000點。
