HK50: high finishing

Hong Kong’s Hang Seng Index closed down 56.88 points, or 0.27%, at 21331.46 points on January 10 (Tuesday); the Hang Seng Index and the State Index fell 0.27% and 0.31% respectively. The three major indexes of the Hong Kong stock market fluctuated at a low level throughout the day, and the market was slightly cautious in being long. Macau launched a round-trip transportation ticket discount to Hong Kong and Macau, and gambling stocks continued to rise. The net inflow of southbound funds was 2.002 billion Hong Kong dollars, and the market turnover was 131.3 billion Hong Kong dollars.

Brief technical analysis:

Looking at the 4-hour chart: After the bullish momentum continued to fluctuate and rise, the high-level and narrow-range ordering, the market’s bullish momentum began to weaken, but it was still hovering at a high level, the MACD index was in the high-level consolidation in the bullish area, and the RSI index was in the high-level hovering in the bullish area;

Long and short turning point: 21324

Suppression: 21619, 21867

Support: 21093, 20853

Trading strategy: Bullish above 21324, target 21619, 21867

Alternative strategy: bearish below 21324, target 21093, 20853