HK50: The low-level arrangement moves down

Hong Kong’s Hang Seng Index closed down 335.96 points, or 1.72%, at 19203.91 points on March 16 (Thursday). The Credit Suisse crisis caused the market to fall into panic again. %, and finally fell 1.72% to refresh and adjust the low price. The Hang Seng Technology Index fell 1.41% and narrowly guarded the 3800-point mark. Large-scale technology stocks generally fell. Baidu officially released Wenxin Yiyan. The stock price fell by more than 6%. The net inflow of southbound funds was 3.694 billion Hong Kong dollars, and the market turnover was 111.3 billion Hong Kong dollars.

HSI HK50 4-hour chart

Looking at the 4-hour chart: the market is shrouded in bearish sentiment, the short-term low position is weak, the market as a whole is in a weak position and moving downward, the MACD indicator is weak and hovering in the short area, and the RSI index is in a narrow range in the short area;

Resistance level: 19403 19569

Support level: 18943 18764

Trading strategy: bearish below 19218, target 18943 18764

Alternative strategy: call above 19248, target 19403 19569