HK50: high finishing

Brief analysis of fundamentals:

Hong Kong's Hang Seng Index closed down 304.86 points, or 1.55%, at 19368.59 points on December 15 (Thursday). Large-scale technology stocks generally fell, Baidu and Alibaba fell more than 4%, Meituan, Kuaishou, JD.com, Xiaomi, and Tencent all fell more than 2%. Semiconductor stocks were active again, and Hua Hong Semiconductor rose 2.62%. The Hang Seng Technology Index fell 2.39%. The net inflow of southbound funds against the trend was 3.009 billion Hong Kong dollars, and the market turnover was 105.6 billion Hong Kong dollars.

HSI HK50 4-hour chart

Brief technical analysis:

Looking at the 4-hour chart: short-term consolidation at a high level, the market bearish sentiment has signs of waiting for an opportunity to enter the market, the MACD indicator is in a high level consolidation in the bullish area, and the RSI indicator is hovering above the 50 balance line;

Long-short turning point: 19563

Suppression: 19869, 20191

Support: 19067, 18781

Trading strategy: Bearish below 19563, target 19067, 18781

Alternative strategy: call above 19563, target 19869, 20191