HK50: High and weak order

Brief analysis of fundamentals:

Hong Kong's Hang Seng Index closed up 65.69 points, or 0.34%, at 19160.49 points on December 21 (Wednesday). As of the close, the Hang Seng Index rose 0.34%, the State Index rose 0.43%, and the Hang Seng Technology Index rose 0.71%. Most of the heavyweight technology stocks rose, Netease rose 2.5% and performed better, Alibaba, Kuaishou, and Tencent rose slightly, JD.com, and Meituan fell; favorable policies continued to boost, education stocks continued to be active, and the net outflow of southbound funds was 138 million Hong Kong dollars. The turnover is less than 100 billion Hong Kong dollars.

HSI HK50 4-hour chart

Brief technical analysis:

The 4-hour chart: the high-level short-term momentum moves down within a narrow range, the market’s short-term sentiment emerges, and the short-term decline has weakened, but there is still a further downward trend. The MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is near the 50 balance line. weak finishing;

Long and short turning point: 19200

Repression: 19481, 19783

Support: 18781, 18508

Trading strategy: bearish below 19200, target 18781, 18508

Alternative strategy: call above 19200, target 19481, 19783