Hk50: low strong pull up

Brief analysis of Fundamentals:

On Monday, the Hong Kong stock exchange was closed for the Mid Autumn Festival. On September 9 (Friday), the Hang Seng Index in Hong Kong closed up 507.63 points, or 2.69%, at 19362.25; Hong Kong stocks, which fell continuously, finally rebounded. The three major indexes rose unilaterally throughout the day. The Hang Seng Index rose by 2.69%, rose more than 500 points and returned to above 19000 points. The state index and Hang Seng technology index rose by 2.98% and 2.6% respectively. All three indexes stopped falling continuously. The weights of big financial stocks, blue chip real estate stocks and other stocks all rose to help the big market rebound; The net inflow of southbound funds was 1.204 billion Hong Kong dollars against the trend, and the turnover of the market was 92.2 billion Hong Kong dollars.

Hang Seng Index hk50 4-hour chart

Technical analysis:

According to the 4-hour chart, after the low-level short-term consolidation, bulls are waiting for the opportunity to enter the market, pulling up strongly, short-term buying starts to pour in, MACD index is in the short area, and the consolidation moves upward, RSI index is around the 50 equilibrium line;

Long and short turning point: 19333

Pressing position: 19599, 19763

Support position: 19156, 19007

Trading strategy: bullish above 19333, targeting 19599 and 19763

Alternative strategy: 19333 bearish, target 19156, 19007