On December 6, Hong Kong stocks experienced a double bottom trend. The Hang Seng Index fell by nearly 420 points and closed below the closing price of 23475 points last Tuesday, setting a new low for the closing price of the year. At present, it is not confirmed that the bottom seeking market has been completed, but it is believed that it has entered the end stage. As the market has sold off and the atmosphere has turned pessimistic and bearish, it is estimated that the turning point of things will turn around when they reach the extreme is about to show. The current decline is just an opportunity to buy. In particular, Hong Kong stocks have dropped to 23000 points, with a good safety margin for medium and long-term allocation. Therefore, whether in terms of long-term, medium-term and short-term strategic deployment, now will be the appropriate time point. The operation value blog window can be fully opened. It is suggested that we can respond with a positive attitude.
After the Hang Seng index opened low, it rebounded for a time, but finally closed close at 23314 points, which was close to the lowest level of the whole day, and the Internet leader continued to lead the decline. Among them, we pointed out earlier that the bears took advantage of the high position and became the upstart of the Hang Seng index component stock JD group SW (09618) on the first day, and the share price fell 4.85% to close at 306 yuan. The Hang Seng Index closed at 23349 points, down 417 points, or 1.75%. The national index closed at 8275 points, down 181 points, or 2.13%. In addition, the turnover of the main board of Hong Kong stocks was 170 billion yuan, while the short selling amount was 28.12 billion yuan, with a short selling ratio of 16.54%. As for the proportion of rising and falling shares, it is 427:1277. 25 stocks rose more than 10% during the day, while 49 stocks fell more than 12% during the day.
On the trend, the Hang Seng index showed the expected double bottom trend. On the 9th, the latest RSI index reported 23.56, which is in a serious technical oversold state. In addition, there has been a sell-off in the market and the atmosphere has become pessimistic and bearish. All these show that Hong Kong stocks have the basic conditions for turning things around when they reach the extreme. At present, if there is a catalyst news, it is believed that Hong Kong stocks will rebound. The first upward breakthrough of the Hang Seng index is 23800 points. After rising, it can move towards the integer level of 25000 points. After the closing, the people’s Bank of China announced that it would reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on the 15th of this month, which is estimated to release 1.2 trillion yuan of long-term funds. In addition, it is worth noting that the Hong Kong stock connect has recorded a net inflow for nine consecutive days, and the net inflow in the last two trading days has exceeded $3 billion. Beishui has continued to gradually take advantage of the low to copy Hong Kong stocks.
Following up on our list of key concerns, the Hong Kong Stock Exchange (00388) continued to rise against the market, up 1.15% to close at 456 yuan, but the current level is a little high. If it is adjusted to less than 440 yuan, it can be considered to absorb it again. In addition, the share prices of Tencent (00700), Longyuan Power (00916), COFCO Jiakang (01610), Shandong Gold Mining Co.Ltd(600547) (01787), Ruisheng Technology (02018) and so on have fallen to the operable configuration level. It is suggested that priority should be given to follow-up. As for Byd Company Limited(002594) shares (01211) and Ping An Insurance (Group) Company Of China Ltd(601318) (2318), if the share price can be further adjusted to below 275 yuan and 53 yuan, it will also enter the operable level.
