HK50: high finishing

Brief analysis of fundamentals:

Hong Kong's Hang Seng Index closed up 40.27 points, or 0.2%, at 19,781.41 points on December 30 (Friday). The performance of Hong Kong stocks on the last trading day in 2022 was flat. The technology index rose 0.14 percent and 0.52 percent, respectively. Throughout the year, the three major indexes of the Hong Kong stock market all fell sharply. Among them, the Hang Seng Index fell by more than 15%, the HSCEI fell by 18.4%, and the Hang Seng Technology Index fell by more than 27%, ranking first among the three major indexes. Most of the large technology stocks that are the market vane rose. Because of the game version number, NetEase once rose by more than 5% in the intraday session. Baidu, Alibaba, JD.com, and Xiaomi all saw gains. Haidilao's overseas business was listed, and the new stock Tehai International once soared 100%! It ended up up 42%.

HSI HK50 4-hour chart

Brief technical analysis:

Looking at the 4-hour chart: the bulls in the market are in a high-level and narrow-range shock arrangement, and the short-term bullish sentiment continues, but the follow-up momentum is lacking, and it is still hovering at a high level.

Long-short turning point: 19845

Suppression: 20080, 20304

Support: 19613, 19391

Trading strategy: Bullish above 19845, target 20080, 20304

Alternative strategy: bearish below 19845, target 19613, 19391