HK50: High bit downlink

Basic analysis:

Hong Kong Hang Seng Index closed down 336.63 points, or 1.87%, at 17655.91 on November 21 (Monday); Hong Kong stocks fluctuated at low levels throughout the day. The Hang Seng Science and Technology Index fell nearly 5% for the first time, while the Hang Seng Index and the National Index fell 1.87% and 2.02% respectively. On the market side, the sluggish performance of large science and technology stocks throughout the day dragged down the market. JD fell 5.23%, and hotel and catering stocks, tourist attractions stocks, aviation stocks and other stocks affected by the epidemic fell across the board; The net inflow of Nanxia's capital throughout the day was HK $6.382 billion, and the turnover in the big market was HK $110.2 billion.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that high short positions move downward, short-term short positions begin to emerge, and the market gradually declines. The MACD index hovers in the upper side of the 0 axis, and the RSI index is in the weak consolidation near the 50 equilibrium line;

Empty turning point: 17762

Pressing: 18000, 18232

Support: 17425, 17220

Trading strategy: 17762 lower bearish, target 17425, 17220

Alternative strategy: bullish above 17762, target 18000, 18232