U.S. Stocks
Fundamental Analysis:
U.S. stocks were higher Monday, 28th March 2022, as the market rose in late-afternoon trading, led by mega-caps and technology stocks.
The S&P 500 advanced for a third straight day, closing up by 0.7% after falling 0.6% at one point during the session; the Nasdaq 100 rose more than 1.5%.
Both the U.S. economy and U.S. consumer demand remain strong. All of these indicators seem to suggest that the U.S. economy has a healthy foundation.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 34724-line today. If the Dow runs stably above the 34724-line, it will pay attention to the suppression strength of the 34990 and 35308 positions. If the Dow index breaks below the 34724-line, it will pay attention to the support strength of the 34477 and 34088 positions.
Hong Kong Stocks
Fundamental Analysis:
The Hang Seng Index (HSI) rose by 0.45% to 21,783.56 points, the Hang Seng China Enterprises Index (HSCEI) rose by 0.66% and the red chip index fell by 0.13%.
The Hang Seng TECH Index (HSTECH) rose by 0.78%, Meituan (3690.HK) rose 5.64%, JD.com, Inc. (9618.HK) rose 2.49%, Tencent Holdings Limited (0700.HK) rose 2.18%, Xiaomi Corporation (1810.HK) fell 7.32%.
Technology healthcare stocks rose, JD Health International Inc. (6618.HK) rose 15.61%, Alibaba Health Information Technology Limited (0241.HK) rose 7.42%, Ping An Healthcare and Technology Company Limited (1833.HK) rose 4.75%.
Education stocks fell, with Tianli Education International Holdings Limited (1773.HK) down by 5.43%, China YuHua Education Corporation Limited (6169.HK) down by 4.15% and Scholar Education Group (1769.HK) down by 3.85%. Weimob Inc. (2013.HK) rose by 18.65%.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22127-line today. If HK50 can run stably below the 22127-line, then pay attention to the support strength of 21450 and 20467. If HK50 runs above the 22127-line, then pay attention to the suppression strength of 22785 and 23294.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the 13983-line today. If the A50 runs steadily below the 13983-line, then pay attention to the support strength of the 13157 and 12733 positions. If the A50 runs above the 13983-line, it will open up further upward trend. At that time, pay attention to the suppression of the 14669-line.
Risk Disclosure
Trading in financial instruments involves a high degree of risk due to fluctuations in the value and price of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance.
Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.
Disclaimer
While every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.
