Hong Kong Hang Seng Index closed up 294.05 points, or 1.7%, at 17619.71 on November 14 (Monday); Hong Kong shares maintained a strong market all day, and the three major indexes fell back slightly in the afternoon, but eventually rose across the board, continuing the rebound last week. The Hang Seng Science and Technology Index rose by 4.5% at one time and closed 1.8% higher. Some large science and technology stocks rose and fell significantly, while pharmaceutical stocks continued to be active, Internet medical stocks led the rise, and Chinese medicine stocks increased in the afternoon. The net outflow of funds from Nanxia was HK $646 million throughout the day, and the trading volume in the big market increased to over HK $200 billion.
Hang Seng Index HK50 4 Hour Chart
The 4-hour chart shows that the bulls' momentum is strong, opening high and moving up and down, the short-term trend is high, the market is bullish, and there is a continuous upward trend in the short term. The MACD index is in the bulls' area, and the RSI index is in the upper side of the 50 equilibrium line;
Empty turning point: 17,456
Pressing: 17896, 18194
Support: 17135, 16881
Trading strategy: 17456 upside bullish, target 17896, 18194
Alternative strategy: 17456 bearish, target 17135, 16881