Hong Kong Hang Seng Index closed down 479.76 points, or 2.48%, at 18847.1 on September 14 (Wednesday); The higher than expected US CPI made the market more worried about the expected interest rate hike, and the global financial market fell across the board. The three major Hong Kong stock indexes maintained a sharp decline all day. The Hang Seng Index fell 2.48%, nearly 500 points, the National Index fell 2.45%, and the Hang Seng Science and Technology Index fell 2.85%, again falling behind the 4000 point mark. The collective decline of large technology stocks put pressure on the market, and Xiaomi, Meituan, Tencent and others fell.
Hang Seng Index HK50 4 Hour Chart
The 4-hour chart shows that short sellers jump short and move low. The short-term decline has not stopped. Previously, the low has continued to break and move downward. The MACD indicator remains in the short area and the RSI indicator hovers below the 50 equilibrium line;
Empty turning point: 18905
Pressing position: 19069, 19238
Support position: 18629, 18461
Trading strategy: 18905 lower bearish, target 18629, 18461
Alternative strategy: 18905 upper bullish, target 19069, 19238