Brief analysis of fundamentals:
Hong Kong's Hang Seng Index closed down 97.86 points, or 0.5%, at 19352.81 points on December 19 (Monday). The three major Hong Kong stock indexes fell across the board, and market sentiment was depressed. The Hang Seng Index fell 0.5%, the State Index fell 0.45%, and the Hang Seng Technology Index fell 0.58%. Large-scale technology stocks were mixed, Xiaomi fell 1.8%, Baidu fell 1.24%, Meituan and Tencent strengthened slightly; anti-epidemic concept stocks that were repeatedly active in the early stage collectively fell, the State Council encouraged social forces to provide diversified educational services, and education stocks were weak Among them, the performance was particularly impressive, led by the penny stock Guangzheng Group soaring more than 52%; the net inflow of southbound funds was 1.466 billion Hong Kong dollars, and the market turnover was 100.6 billion Hong Kong dollars.
HSI HK50 4-hour chart
Brief technical analysis:
The 4-hour chart: the high short-term narrow-range order slowly retreated, the market's bearish sentiment began to emerge, the short-term decline may continue, the MACD indicator moved in the bullish area, and the RSI indicator hovered weakly above the 50 balance line;
Long-short turning point: 19484
Suppression: 19783, 20039
Support: 19067, 18781
Trading strategy: bearish below 19484, target 19067, 18781
Alternative strategy: call above 19484, target 19783, 20039