HK50: Low level bulls rise

Basic analysis:

Hong Kong Hang Seng Index closed up 768.25 points, or 5.23%, at 15455.27 on November 1 (Tuesday); Hong Kong shares gained more in the afternoon, the market sentiment was very good, and November ushered in a good start. At one point in the afternoon, the Hang Seng Science and Technology Index rose by more than 9%, and closed 7.8% higher to recover the 3000 point mark. The Hang Seng Index and the National Index rose by 5.23% and 5.49% respectively, and the Hang Seng Index rose by 768 points. Large technology stocks were the first to bear the brunt. Kwai rose by 15%, Meituan and Tencent rose by more than 10%. Today, the capital from Nanxia went into a net inflow of HK $9.067 billion, and the market turnover was HK $153.8 billion.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that the downward trend is good, the low position is supported in the short term and starts to reverse and move upward, and the bull power is waiting for an opportunity to enter the field. The MACD indicator is in the low position of the short position area and the RSI indicator is in the short position area and maintains the consolidation and moves upward to the lower side of the 50 equilibrium line;

Multi empty turning point: 15407

Pressing: 15794, 16093

Support: 15120, 14798

Trading strategy: 15,407 upside bullish, target 15,794, 16,093

Alternative strategy: 15407 bearish, target 15120, 14798