Hk50: low buying in

Basic analysis:

Hong Kong's Hang Seng Index closed up 699.64 points, or 3.63%, at 19968.38 on Thursday, August 25; The Hong Kong stock market was closed in the morning due to the impact of the typhoon, and rose sharply in the afternoon, which greatly increased the sentiment of the market. Heavyweight stocks led by technology stocks led the market higher. The Hang Seng Index rose 3.63% and 700 points, while the Hang Seng technology index rose 6.01% and returned to above 4200 points. Both of them recovered their losses this week. The national standing committee again raised the development of the platform economy. Russia's maritime coal export was interrupted by the EU ban, and coal stocks strengthened significantly.

Hang Seng Index hk50 4-hour chart

Technical analysis:

According to the 4-hour chart, the low-level bulls were strongly pulled up, the short-term bulls potential burst, the market was flooded, the MACD index was in the short area to maintain the consolidation, and the RSI index was in the short area to move up to the 50 equilibrium line;

Long and short turning point: 19860

Pressing position: 20164, 20357

Support position: 19620, 19380

Trading strategy: 19860 is bullish, with targets of 20164 and 20357

Alternative strategy: bearish below 19860, target 19620, 19380