Brief analysis of fundamentals:
Hong Kong's Hang Seng Index closed down 86.16 points, or 0.44%, at 19593.06 points on December 23 (Friday). Affected by the drop in U.S. stocks overnight, Hong Kong stocks performed weakly throughout the day, with the Hang Seng Technology Index falling 2.05%. Large-scale technology stocks fell one after another, with Alibaba, Meituan, and Tencent all experiencing declines; heavyweight documents stimulated education stocks to continue to strengthen, New Oriental Online hit a record high, and the net inflow of southbound funds was 2.341 billion Hong Kong dollars. The market turnover was less than 80 billion Hong Kong dollars.
HSI HK50 4-hour chart
Brief technical analysis:
Looking at the 4-hour chart: the short-term entangled highs maintain a narrow range of volatility, the market bulls show signs of weakening, the MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is weakly finishing on the side of the 50 balance line;
Long-short turning point: 19549
Suppression: 19918, 20141
Support: 19292, 19076
Trading strategy: Bullish above 19549, target 19918, 20141
Alternative strategy: bearish below 19549, target 19292, 19076