HK50: low position down

Hong Kong’s Hang Seng Index closed down 66.53 points, or 0.33%, at 19943.51 points on February 27 (Monday); Asia-Pacific stock markets fell across the board, and Hong Kong stocks continued to fall. The Hang Seng Technology Index fell 0.5% and 0.52%, respectively, both of which smoothed their gains for the year. Large-scale technology stocks were mixed, Kuaishou rose 2.5%, Baidu rose 2%, Xiaomi, Alibaba, and JD.com fell; southbound funds bucked the trend with a substantial net inflow of 7.049 billion Hong Kong dollars, and the market turnover was 112.4 billion Hong Kong dollars. The Hong Kong Stock Exchange announced that the Securities and Futures Commission has approved the revision of the General Rules of the Central Clearing System and the Operating Procedures of the Central Clearing System to coordinate with the optimization of the Shanghai-Shenzhen-Hong Kong Stock Connect trading calendar. ) takes effect.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the short-term decline in short-term momentum continues, the market is shrouded in short-term sentiment, and there is no sign of stopping in the short term. The MACD indicator is hovering at a low level in the short-selling area, and the RSI indicator is in a weak consolidation in the short-selling area;

Long-short turning point: 20054

Suppression: 20236, 20405

Support: 19776, 19618

Trading strategy: bearish below 20054, target 19776, 19618

Alternative strategy: call above 20054, target 20236, 20405