The three major indexes of Hong Kong stocks rose in the afternoon and fell again in the afternoon. The Hang Seng Science and Technology Index finally closed down 3.23%, fell 4% in the afternoon, and the Hang Seng Index and the National Index fell 1.31% and 1.68% respectively. The daily net outflow of Nanxia capital was HKD2.954 billion, and the market turnover was HKD127.1 billion. The performance of large technology stocks was weak, with Meituan down more than 8%, Kwai down more than 6%, and JD, Alibaba and Tencent all fell; The market was worried about the epidemic situation, and consumer stocks such as catering and beer fell collectively.
Hang Seng Index HK50 4 Hour Chart
The 4-hour chart shows that the momentum of high short positions remains volatile and moves downward, and the short-term decline may continue. The overall short positions in the market move downward well. The MACD indicator is in the long position and moves downward to hover near the 0 axis, while the RSI indicator is in the weak position and moves downward near the 50 equilibrium line;
Empty turning point: 17570
Pressing: 17816, 18063
Support: 17220, 16958
Trading strategy: bearish under 17570, target 17220, 16958
Alternative strategy: bullish above 17570, target 17816, 18063