HK50: high finishing

Hong Kong's Hang Seng Index closed down 131.94 points, or 0.63%, at 20,650.51 points on April 18 (Tuesday); Hong Kong stocks performed sluggishly throughout the day, with the Hang Seng Technology Index falling 1.21%, the Hang Seng Index and the State Index falling 0.63% and 0.75% respectively. %. The collective weakness of large technology stocks dragged down the market. Xiaomi fell nearly 2%, Tencent and Kuaishou fell more than 1%, insurance companies Q1 premium income recovered, domestic insurance stocks remained strong in a weak market, and China Pacific Insurance rose more than 4%. Refresh stage High prices, the net inflow of southbound funds was 3.739 billion Hong Kong dollars throughout the day, and the market turnover was 109.7 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the momentum of the bulls remains in a good upward trend, and there are signs of continued bullishness in the short term. The bulls in the market continue to pull up, the MACD indicator is in the bullish zone and the RSI indicator is hovering above the 50 balance line;

Resistance level: 20796 20926

Support level: 20452 20332

Trading strategy: Bullish above 20571, target 20796 20926

Alternative strategy: bearish below 20571, target 20452 20332