HK50: high volatility

Hong Kong’s Hang Seng Index closed down 169.08 points, or 0.78%, at 21,577.64 points on January 17 (Tuesday); the three major Hong Kong stock indexes rose slightly in early trading and continued to weaken. In the end, it fell 0.78%, the State Index fell 0.49%, and the Hang Seng Technology Index fell 0.14%. Most of the large-scale technology stocks fell. JD.com, Baidu, and Xiaomi all fell by more than 1%, NetEase and Meituan both fell, and Alibaba and Tencent bucked the trend and rose by nearly 1%. Apple concept stocks and semiconductor stocks were active. Xtep International once rose by more than 1%. 14%. The net inflow of southbound funds was 4.288 billion Hong Kong dollars, and the market turnover was 126.7 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the high-level long-term dynamics fluctuate upwards, and there is a retracement trend in the short-term resistance. The market's short-term momentum has signs of waiting for an opportunity to enter the market. The MACD indicator is in the long-term zone for consolidation, and the RSI indicator is in the long-term zone. Slowly retracement;

Long-short turning point: 21689

Suppression: 21932, 22194

Support: 21369, 21126

Trading strategy: bearish below 21689, target 21369, 21126

Alternative strategy: call above 21689, target 21932, 22194