Yesterday's analysis of the Hong Kong index was received very well by the students. They've requested an analysis of A50 today, and here it is:
6/20: The weekly trend of the China A50 Index is similar to that of the Hong Kong index. It is currently bottoming out, consolidating at the support level of 12000. Pay attention to the black support line below. The consolidation range is between 12000 and 12900. The overall market trend is not yet clear, and there are multiple resistance levels at 12900 and 13570. If it can break through the 13570 resistance level, a bullish trend may follow, first targeting 15000 and then 16600.
The weekly trend is also similar to the Hong Kong index, though it is progressing slower due to the amount of trading volume. The weekly average volatility is below 400 points. If the weekly price falls back to around the 11800 range, it may be a good point to set up long positions. (Long-term perspective)
(Mid-term perspective) The daily trend is currently consolidating between 12170 and 12280. There is no clear trend this week, so it is advisable to wait for a clearer trend before planning long positions. Remember, there's no need to rush; the market requires patience.
(The above is a personal analysis for reference only. Please do not follow it blindly, as losses are your own responsibility.)
