HK50: high finishing

Hong Kong’s Hang Seng Index closed up 78.05 points, or 0.36%, at 21,514.1 points on January 12 (Thursday); the three major Hong Kong stock indexes plunged in early trading and turned down, and rebounded in the afternoon. , The Hang Seng Technology Index once fell nearly 3%, and finally fell 1.32%. Large-scale technology stocks fell more than rose, Kuaishou fell 4.5%, Tencent fell 2.6%, anti-epidemic concept stocks collectively fell, the net inflow of southward funds was slightly 0.1 billion Hong Kong dollars, and the market turnover was 159.5 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the high-level short-term narrow-range order is slowly moving up, the market is still bullish, the MACD indicator is in the high-level order in the long-term zone, and the RSI indicator is hovering at the high-level in the long-term zone;

Long-short turning point: 21423

Suppression: 21884, 22128

Support: 21172, 20921

Trading strategy: Bullish above 21423, target 21884, 22128

Alternative strategy: bearish below 21423, target 21172, 20921