Foreign Stock Market Weakened And Hong Kong Stocks Did Not Have Strong Upward Momentum.

After a sharp rebound on Monday, Hong Kong stocks rose to the top of the 20 antennae and rose to the highest level of 23631 points. The trend then went on again, and even after falling below the 20 antenna, it further fell through 50 antennas, reflecting that even if the Hong Kong stock fell to the bottom of the downward channel formed at the 24364 highest point in September 9th, the index would once again be pressurized once the index rose to 20 antennas.

There is no strong upward momentum to break through the recent trend of return.

Especially when the Hang Seng Index reached 24364 points on 9 September, it began to develop a trend of less than one.

And we have pointed out before that if the Hang Seng index can not rise again, it will make the Hang Seng's 20 antenna trend rise or even decline.

Therefore, the downward trend of the main moving average will bring negative technical pressure to the market trend.

Over the past week, Hong Kong stocks have been weakened by the external market.

The mainland and Asia Pacific stock markets were generally well built on Monday, driving Hong Kong stocks to rise again and together with more than 70 billion turnover.

But then stocks and

Turn weak, make Hong Kong stocks rise inadequately, drop 4 days, and fall below twenty-three thousand on Friday period, a new low since the beginning of September.

In the past week, the Hang Seng Index fell 420 points or 1.80%, at 22954 points, and the state-owned enterprises index fell 171 points or 1.77%, at 9515 points.

In the Hang Seng Index, the real estate index was 0.4% against the market, the financial index and the public index fell by 1.5% and 0.03% respectively, while the industrial and commercial index recorded the biggest decline of 3.1%.

In addition to the fact that there has been a trend below the top, the trend of the Hang Seng channel has expanded again, and the downward trend of stock market pressure has begun to increase, especially if the trend of the channel has changed to a downward trend, and the path of the channel has been developed according to the trend of the central axis. If the axis of the channel becomes lower and lower, the bottom of the channel will also be lower and lower.

Therefore, in the past week, the volatility of Hong Kong stocks has shown signs of expansion, or short term Hong Kong stocks will be lowered to a lower level, especially after falling below 23000 points. The Hang Seng will have the opportunity to return to 38.2% of the total rise of the rising wave since May, which is near the 22500 level.

Because the Federal Reserve will carry out interest payments in the coming week, even if the market has not expected it to exist.

Although the market has already reached a consensus on raising interest rates in December, it is believed that even if it does not meet the expected rate of increase, it will not have a positive effect on Hong Kong stocks.

Following the US interest rate, it is the US presidential election. Although the market now believes that the chances of winning the Democratic candidate are high, there will be the overall trend of moving US stocks, but the market is still weak in the overall trend. I believe that there will still be no big rush to enter the market at present level.

Investors will continue to face the recent reaction of Hong Kong stocks in a wait-and-see manner.

It is expected that the market will take a bigger step after falling below 23000 points.

If the Hang Seng Index rose to 38.2% in May at 19594 lows in September 9th and a total increase of 24364 in September 9th, the Hang Seng will have the chance to fall to 22500 points to see another support opportunity.

The volatility of the Hang Seng index is expected to be between 22500 and 20 antennae 23400 points in the coming week, and the turnover will remain at HK $55 billion.