HK50: low shock

Hong Kong’s Hang Seng Index closed up 291.91 points, or 1.52%, at 19,539.87 points on March 15 (Wednesday); U.S. bank stocks’ counterattack last night boosted market sentiment, and the three major Hong Kong stock indexes maintained their upward trend throughout the day. Hang Seng Technology The index rose 2%, while the Hang Seng Index and the State Index rose 1.52% and 1.88% respectively. Large-scale technology stocks strongly supported the recovery of the market, major infrastructure stocks became active again, Chinese stocks performed well, and strong-performing gold stocks stalled. The net inflow of southbound funds was 6.214 billion Hong Kong dollars, and the market turnover was 108 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: The short-term momentum maintains shocks and moves down, and the short-term low shocks move up. The market’s bulls have signs of waiting for opportunities to enter the market, but the overall situation is still at a low level. wandering;

Resistance level: 19772 19991

Support level: 19593 19080

Trading strategy: Bullish above 19515, target 19772 19991

Alternative strategy: bearish below 19515, target 19593 19080