HK50: high finishing

Hong Kong’s Hang Seng Index closed up 100.36 points, or 0.47%, at 21678.0 points on January 18 (Wednesday). The index rose 0.54%, and the three major indexes were all hovering at stage highs. Large-scale technology stocks rose and fell mixed, Baidu fell 2.6%, JD.com fell more than 1%, because it won the game version number, Netease rose 6.5% and performed better, Tencent rose 1.66%; the net inflow of southbound funds was 3.065 billion Hong Kong dollars, and the market turnover was . 127.8 billion Hong Kong dollars. According to the press release of the Hong Kong Special Administrative Region Government, the Hong Kong Special Administrative Region Government announced today (18th) that after communicating with relevant mainland authorities, starting from tomorrow (19th), children aged three and below entering the Mainland from Hong Kong will not be required to present their passports 48 hours before departure. Negative results of the new crown nucleic acid test conducted in China.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the high level is slowly oscillating upwards, and the short-term entanglement is hovering at the high level. The market as a whole is in an upward trend. The MACD indicator is hovering in the bullish zone, and the RSI indicator is in the bullish zone.

Long and short turning point: 21616

Suppression: 21932, 22194

Support: 21369, 21126

Trading strategy: Bullish above 21616, target 21932, 22194

Alternative strategy: bearish below 21616, target 21369, 21126