HK50: low reverse

Hong Kong's Hang Seng Index closed up 139.39 points, or 0.71%, at 19,757.27 points on April 26 (Wednesday). Hong Kong stocks, which have been falling continuously, ushered in a rebound. The Hang Seng Technology Index once rose to 2.6% in the afternoon, and finally closed up 1.25% Stopping the 6-game losing streak, the Hang Seng Index and the State Index rose 0.71% and 0.8% respectively. Large-scale technology stocks rebounded across the board to lead the market to recover, Kuaishou rose 5.5%, Tencent rose 2.9%, news said that Biden intends to restrict US companies' investment in China, semiconductor stocks continued to fall, SMIC fell for 4 days in a row, and heavy infrastructure stocks fell significantly , China's first stocks were in the doldrums across the board, and China Railway Construction fell more than 4%. The net inflow of southbound funds was 2.842 billion Hong Kong dollars throughout the day, and the market turnover was 97.8 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: The short-term momentum continues to fluctuate and move downwards, and then reverses and moves upwards. The market bulls are waiting for opportunities to pull up, but the downward trend is still strong. The short-term reversal may maintain a narrow range of shocks. The MACD indicator is hovering below the 0 axis, and the RSI The indicator is in the short area and maintains order;

Resistance level: 19900 20030

Support level: 19521 19368

Trading strategy: Bullish above 19667, target 19900 20030

Alternative strategy: bearish below 19667, target 19521 19368