HK50: high finishing

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. The market is closed for Christmas.

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