HK50: high finishing

Brief analysis of fundamentals:

Hong Kong's Hang Seng Index closed up 82.08 points, or 0.42%, at 19,450.67 points on December 16 (Friday); the three major Hong Kong stock indexes closed up in shock, and the Hang Seng Technology Index once rose about 2% in the session. Respectively rose 0.42% and 0.66%. The trend of large-scale technology stocks is divided. Tencent, Netease, Baidu, and Meituan fell slightly, JD.com rose 1.5%, Kuaishou and Alibaba strengthened; anti-epidemic concept stocks were active, and Shandong Xinhua Pharmaceutical once again soared by more than 27%. The net inflow of southbound funds was 996 million Hong Kong dollars, and the market turnover was 136 billion Hong Kong dollars.

HSI HK50 4-hour chart

Brief technical analysis:

Looking at the 4-hour chart: short-term highs and narrow range adjustments, the market as a whole is in short-term weakness, bullish sentiment has weakened, the market’s bearish sentiment has begun to look for opportunities to enter the market, the MACD indicator is in the bullish area, and the RSI indicator is hovering weakly 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