HK50: Low level oscillation

asic analysis:

Hong Kong Hang Seng Index closed up 110.27 points, or 0.72%, at 15427.94 on October 27 (Thursday); The rise of the three major indexes of Hong Kong stocks narrowed in the afternoon, the yield of US treasury bonds and the US dollar index fell overnight, benefiting from the strength of the RMB. The net inflow of funds from the south throughout the day was HK $6.488 billion, and the turnover in the big market was HK $122.9 billion. Large technology stocks continued to rebound, while rare earth concept stocks, anti epidemic concept stocks, pork concept stocks and other stocks weakened.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that the bearish power remains in shock downward, and the low short-term shock shows signs of moving up, but it fails to break through continuously. The MACD indicator is in the short position area for consolidation, and the RSI indicator is in the short position area for weak hovering;

Empty turning point: 15553

Pressing: 15864, 16247

Support: 15115, 14806

Trading strategy: 15553 bearish, target 15115, 14806

Alternative strategy: bullish above 15553, target 15864, 16247