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HKEX Market Update 2021-12-16

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HSI closed up 0.2%, breaking the four-day losing streak, and stabilizing after touching down the six major supports mentioned last week, and still staying above the support bottom of about 23,000 points.

Close > MA50 market breadth (green line) has turned up at the purple support line of about 29%.

Both HSI and the general market slightly bounced off their supports, which increases the chance of halting the downtrend.

360miq.com/market?data=HKEX#tab-3

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