Brief analysis of fundamentals:
Hong Kong’s Hang Seng Index closed up 132.57 points, or 0.68%, at 19596.2 points on December 13 (Tuesday). Hong Kong stocks rose in early trading and remained volatile in the afternoon. Most of the large technology stocks rose, Kuaishou rose more than 4%, Meituan rose more than 2%, rumors stimulated semiconductor stocks to rise sharply in late trading, Hua Hong Semiconductor rose more than 17% and performed the best; looking forward to customs clearance! Local stocks in Hong Kong strengthened significantly, and catering stocks maintained a strong market throughout the day. The net inflow of southbound funds against the trend was 3.929 billion Hong Kong dollars, and the market turnover was 124 billion Hong Kong dollars.
HSI HK50 4-hour chart
Brief technical analysis:
The 4-hour chart shows that the high positions are arranged in a narrow range, and the bulls still maintain a trend of oscillating and moving upwards. The MACD indicator is in a high position in the bullish zone, and the RSI indicator is hovering in the bullish zone;
Long-short turning point: 19563
Suppression: 19933, 20237
Support: 19214, 18901
Trading strategy: Bullish above 19563, target 19933, 20237
Alternative strategy: bearish below 19563, target 19214, 18901