Brief analysis of Fundamentals:
Hong Kong's Hang Seng Index closed down 145.22 points, or 0.74%, at 19452.09 on Friday, September 2; The market was shrouded in the expectation of radical interest rate increase in the United States, and Hong Kong stocks fell again, with Hang Seng technology index falling 1.44%. Large tech stocks fell in general, with a net inflow of HK $1.105 billion of southbound funds against the trend, with a large market turnover of HK $110.2 billion.
Hang Seng Index hk50 4-hour chart
Technical analysis:
According to the 4-hour chart, the market is shrouded in short-term sentiment, the short-term decline has not stopped, the low point in the early stage is close at hand, and the breaking point is imminent. The MACD index is hovering in a weak position on the lower side of the 0 axis, and the RSI index is in a weak position on the lower side of the 50 equilibrium line;
Long and short turning point: 19439
Pressing position: 19629, 19796
Support position: 19134, 18969
Trading strategy: 19439 bearish, target 19134, 18969
Alternative strategy: 19439 bullish, target 19629, 19796