Hang Seng Index: Since the beginning of the year, the Hang Seng Index has rebounded by more than 30% since the formation of two buys at the weekly level, and the short-term is in the process of recovering the 20-week line. It is uncertain whether the current weekly rally is over, and the focus will be on support near the 20-week moving average next week. This is also an important support area for the upper edge of the daily pivot box, the 20-month moving average, and the May moving average. If it can stop falling above 17215 points and stabilize, form a daily level of three buys, and drive the 20-week line to cross the 60-week line, the market outlook is expected to further challenge the pressure of the 21139-22700 point M head and neck line area of the monthly level. As for whether it can go further, or after taking a small three-wave reversal of the weekly line similar to the yellow line on the left, it is unknown whether the five-wave killing and falling of the monthly line will continue.
Weekly chart
Hang Seng Technology: The weekly level has maintained a pattern of large box shocks, and the disadvantage is that the high point of each band rebound is gradually decreasing. At present, the moving average has been glued, and the short-term will face the choice of changing the direction of the disk. If the platform of 3563 points can be held and broken down effectively, the market will see if it can further organize the reverse pumping of the upper edge of the large box. As for whether a breakthrough can be achieved and a rebound at the monthly level out of a band, it is still necessary to take one step at a time. If the short-term effectively falls below 3563 points, driving the moving average to turn down again, and at the same time the weekly MACD forms a dead fork below the zero line, then the middle line will weaken, and then pay attention to the support of 3233 and 2985 points in turn.
Weekly chart
Hang Seng Medical: The weakest of the three indexes, the Hang Seng Index and Hang Seng Technology have come out of a weekly upward rebound, and it has not even confirmed the end of the weekly decline, and the short-term focus is on the choice of small-level change direction. If it falls below 2026 points and takes the departure section of the third falling center, it will drive the weekly MACD to form a dead fork, and then look for divergence buying points. If it can resonate with the other two indices and end the adjustment of the current daily line at the same time, then there will be an opportunity to take a weekly rebound and reverse the 60-week line.
Weekly chart
The above views are purely personal and for reference only and do not constitute investment or purchase advice.