HK50: move up the high position

Brief analysis of fundamentals:

Hong Kong’s Hang Seng Index closed up 305.85 points, or 1.56%, at 19898.91 points on December 28 (Wednesday). Lost again, the State Index rose 1.95%, the Hang Seng Technology Index rose 2.14%, the strength of large-scale technology stocks led the market to rise, Kuaishou rose 5.4%, Xiaomi rose about 4%, Tencent, Meituan, Alibaba, JD.com, etc. all rose ; The Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, held a press conference on the "Guidance and Coordination Group for Epidemic Response", announcing the further optimization of Hong Kong's epidemic prevention measures. Cancel the "vaccine pass" measures; (3) cancel all mandatory nucleic acid testing for entry; (4) cancel all social distance measures, including "restricted gathering orders", etc.

HSI HK50 4-hour chart

Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum is rising in a stepwise manner, short-term bullish sentiment emerges, the market bulls continue to climb, the MACD indicator is hovering weakly on the upper side of the 0 axis, and the RSI indicator is in a narrow range in the bullish area;

Long-short turning point: 19766

Suppression: 20141, 20340

Support: 19522, 19292

Trading strategy: Bullish above 19766, target 19522, 19292

Alternative strategy: bearish below 19766, target 20141, 20340