After the Hold Seng index was prepared to establish a “bird’s beak” past Friday, the deduction was verified yesterday. The Dangle Seng Index fell 118 details to 19107 all around noon this morning. It fell by the former day’s reduced and saw a reduced of 4019 points. It also fell thanks to the antenna’s “anti-hen breathing” at 20 days in the constructive route. I was worried that the market place could dip down below 4012 on August 24 and even drop below 4,000 points The 14-day RSI has dropped to the oversold amount around 30 (at this time around 37), spend consideration to the somewhat Meituan. stopped (03690) has turn into a drive-down indicator, see the 5 antennas approaching the 20 antennas under the good downward path, once more Tencent (00700) underweight is a grey rhino.
In conditions of US equities, the current market was shut yesterday for the vacations. Dow futures ended up up more than 100 points this early morning prior to the Hong Kong inventory trade. The last a person is flat. The three important indices, most notably the sluggish-paced stochastic% K index, ended up relatively oversold in the brief term and the index fell as of July 26th. There is some competition shut to the each day bare minimum. As I explained yesterday in the closing live plan, there is no Connect with round with quite appropriate conditions in the current market for US equity indices like the Nasdaq. If innovation and technology (00669), there seems to be a different prospect to work and the 50-day antenna has been examined yet again. The evaluation is fair. Just after checking the benefits on August 11, it rose 10.9%, which could coincide with the robust rally in US equities because of to the drop in CPI facts the subsequent evening. On August 17, it was up 10% and strike a two and a 50 % thirty day period large underneath the huge transaction. Subsequently, it was overbought and returned to typical. The 50-working day antenna is recovering. The share price closed at 91.3 yuan at noon, up .83%. The rebound target was 99 yuan, and it dropped down below 88 yuan to end the reduction. I handed the round of Contact Innovation and Technology (18666) Little Wager Engage in is currently a “discounted” product or service as opposed to the entire marketplace. The strike price is 118.88 yuan, which will expire in late June subsequent calendar year. It is described at .218 yuan at noon, up 2.3%.
Luo Chongbo (Dolby)
–
