Brief analysis of fundamentals:
Hong Kong’s Hang Seng Index closed up 635.41 points, or 3.38%, at 19,450.23 points on December 8 (Thursday). The mainland continued to optimize prevention and control measures, and the market’s bullish sentiment was high. It rose to 7%, and finally closed up 6.64%. Both the Hang Seng Index and the State Index rose by more than 3.3%, and the Hang Seng Index returned to the 19,000 integer mark. The reference table of commonly used drugs for the treatment of new crowns was released. Internet medical stocks, pharmaceutical stocks, and biotechnology stocks rose to the top.
HSI HK50 4-hour chart
Brief technical analysis:
Looking at the 4-hour chart: the high level maintains a narrow range of shocks, the market as a whole is in a high level trend, and there are signs of maintaining an upward trend in the short term, the MACD indicator moves in the bullish area, and the RSI indicator is in a weak order on the side of the 50 balance line;
Long-short turning point: 19374
Suppression: 19784, 20061
Support: 19080, 18975
Trading strategy: Bullish above 19374, target 19784, 20061
Alternative strategy: bearish below 19374, target 19080, 18975