HK50: high climb

Hong Kong’s Hang Seng Index closed up 522.13 points, or 2.37%, at 22,566.78 points on January 26 (Thursday). Those who raise their eyebrows are "rabbit" and enjoy the "red envelope market". The major indexes of the Hong Kong stock market opened higher and moved higher today, with gains expanding in the afternoon and further rising in late trading. The Hang Seng Technology Index rose 4.26%, and the State Index rose 2.98% to stand at 7,700 points, both of which hit new highs since July last year; the Hang Seng Index rose 2.37% to close at 22,566 points, a new high in about 11 months since March last year.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the bullish momentum is fluctuating at a high level, short-term bullish sentiment is shrouded, the bullish momentum in the market is constantly emerging, the upward trend is good, the MACD indicator is in the bullish zone, and the RSI indicator is in the bullish zone and is slowly rising;

Long and short turning point: 22424

Suppression: 22847, 23090

Support: 22171, 21879

Trading strategy: Bullish above 22424, target 22847, 23090

Alternative strategy: bearish below 22424, target 22171, 21879