12.15 Closing Comments: The market is down, what happens next?
The Hang Seng Index continued to fall today, once again came to the previous low near the low, the technical level is still maintained in the downward channel of the shock, for this week's Hang Seng Index this trend, if there is no force king of the big Yang line to support it, the possibility of breaking the new low is very large, pay attention to the previous low of 23100 If it can not be stabilized, then the index center of gravity will move down, the shock fell. If it falls below the previous new low and quickly retracts, it is expected to continue to rebound. The upper support is still the downside channel at 24300.
Individual stocks:
$BYD COMPANY(01211.HK$ BYD yesterday fell below the trend line after continuing to oscillate downward, the trend is completely expected, for BYD's decline, a large part of the reason is because the peripheral market Tesla fell below the short-term support, and the reduction of bearish bearish is also fermenting, for BYD's next view is that if the continuous decline is mainly observed, if the volume of transactions appears to be large yin line, short-term is expected to rebound, you can bo. Below support near 240, if broken below it would accelerate the risk of falling.
$BYD COMPANY(01211.HK$ BYD yesterday fell below the trend line after continuing to oscillate downward, the trend is completely expected, for BYD's decline, a large part of the reason is because the peripheral market Tesla fell below the short-term support, and the reduction of bearish bearish is also fermenting, for BYD's next view is that if the continuous decline is mainly observed, if the volume of transactions appears to be large yin line, short-term is expected to rebound, you can bo. Below support near 240, if broken below it would accelerate the risk of falling.
$SMIC(00981.HK$ SMIC continues to break down, from the AH linkage up, and does not meet the signs of the linkage downward, so this is not caused by bearish but emotionally caused by the selling pressure, here is the long-term sideways after the break, with the possibility of gold pit, if the next can return to 21 continues to be the bullish range, the lower support to see near 16.
$PING AN(02318.HK$ China Ping An is still maintained within the convergence, although the index is weak, but the overall direction of Ping An is still converging waiting for a breakthrough, and the fundamentals also have signs of improvement, and regardless of whether there is an opportunity to reverse, at least in the decline of the year, there is a possibility of correction, short-term continue to maintain the 55 support near the low suck mainly.
$TENCENT(00700.HK$ Tencent continues to resonate with the broader market, falling below the rising channel, but do not worry too much, the current Tencent activity is enough, so Tencent does not break the lower edge of the box is still the main shock, the current Tencent belongs to the left side of the transaction, as low as possible to suck mainly.
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