HSI: A-shares Listed on SSE and SZSE Open Higher, SSE Composite Index Up 0.39%

Summary:

SZSE Component Index was at 11,274.86 points, up 0.61%; Growth Enterprise Index was at 2,366.79 points, up 0.70%; SZSE SME Composite Index was at 7,766.54 points, up 0.63%. In the stock market, power equipment led the rise, and automotive, petroleum, petrochemicals, coal, non-ferrous metals, basic chemicals, and other sectors were among the top gainers. While social services led the decline, and banks, real estate, food and beverage, pharmaceutical and biological, agriculture, forestry, animal husbandry, and fishery were weak. On the news, Li Keqiang said that China's economy keeps running in a reasonable range and is generally in a recovery trend. China's National Development and Reform Commission said it will accelerate the first batch of 300-billion-yuan policy-oriented development financial instruments to form a physical workload as soon as possible. Many banks have lowered their listed deposit rates and the cap on rate increases.

BUY HongKong50

Close Time

CLOSED

18710.00

Entry Price

18850.00

18595.00

24302.85 -308.40 -1.25%

1150.0

Pips

Loss

18595.00

18593.20

Exit Price

18710.00

Entry Price

18850.00

I. Fundamentals

SZSE Component Index was at 11,274.86 points, up 0.61%; Growth Enterprise Index was at 2,366.79 points, up 0.70%; SZSE SME Composite Index was at 7,766.54 points, up 0.63%.

In the stock market, power equipment led the rise, and automotive, petroleum, petrochemicals, coal, non-ferrous metals, basic chemicals, and other sectors were among the top gainers. While social services led the decline, and banks, real estate, food and beverage, pharmaceutical and biological, agriculture, forestry, animal husbandry, and fishery were weak.

On the news, Li Keqiang said that China's economy keeps running in a reasonable range and is generally in a recovery trend. China's National Development and Reform Commission (NDRC) said it will accelerate the first batch of 300-billion-yuan policy-oriented development financial instruments to form a physical workload as soon as possible. Many banks have lowered their listed deposit rates and the cap on rate increases. China's Ministry of Agriculture and Rural Affairs deploys a comprehensive promotion of soybean meal reduction and substitution action. The NDRC vigorously release storage, and the single-month pork delivery reached the highest level in history. Fosun International reduced its holdings of H shares of New China Life Insurance to less than 5%. Yuyue Medical subsidiary increased its capital, and Tencent made a rare move under the balance sheet shrinkage.

Overnight international market dynamics: the Dow rose 197.26 points, up 0.64%, to 31019.68 points; the NASDAQ rose 86.62 points, up 0.76%, to 11535.02 points; the S&P 500 rose 26.56 points, up 0.69%, to 3899.89 points; Gold Dec futures prices fell $5.3 on September 19 from the previous trading day, closing at 1678.2 dollars per ounce, down 0.31%; Silver Dec futures prices fell 2.3 cents and closed at $19.358 per ounce, down 0.12%; prices of light crude oil futures to be delivered in October on the NYMEX rose $0.62 and closed at $85.73 per barrel, up 0.73%; prices of London Brent crude oil futures to be delivered in November rose $ 0.66 and closed at $ 92.01 per barrel, up 0.72%.

II. Technical Analysis

2.1 HSI Daily Chart

HSI: A-shares Listed on SSE and SZSE Open Higher, SSE Composite Index Up 0.39%_1

The key resistance above is at 18950.

2.2 HSI 4H Chart

HSI: A-shares Listed on SSE and SZSE Open Higher, SSE Composite Index Up 0.39%_2

The key resistance above is at 18865 and 18950.

2.3 HSI 1H Chart

HSI: A-shares Listed on SSE and SZSE Open Higher, SSE Composite Index Up 0.39%_3

The key resistance above is at 18865 and 18890.

HSI: A-shares Listed on SSE and SZSE Open Higher, SSE Composite Index Up 0.39%_4

Trading Recommendations

Go long on HSI at lows.

Entry price: 18710

Take profit: 18850

Stop loss: 18595

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data