HK50: low down

Hong Kong's Hang Seng Index closed down 157.57 points, or 0.79%, at 19,785.94 points on February 28 (Tuesday). The State Index and the State Index fell by 0.79% and 1.33% respectively. The Hang Seng Index gained 20,000 points and then lost again. Large-scale technology stocks fell across the board in the afternoon. Hong Kong stock short video concept stocks fell against the trend. Bilibili fell more than 3%, and Kuaishou fell more than 1%. The net outflow of southbound funds was 965 million Hong Kong dollars, and the market turnover was 142.4 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the short-term momentum continues to decline, the short-term decline may continue, the market as a whole is in a weak position, the MACD indicator is in the bearish area and continues to move down, and the RSI indicator is in the bearish area to maintain consolidation;

Long-short turning point: 19835

Suppression: 20009, 20171

Support: 19583, 19433

Trading strategy: bearish below 19835, target 19583, 19433

Alternative strategy: call above 19835, target 20009, 20171