HK50: The low position moves down again

Basic analysis:

Hong Kong Hang Seng Index closed down 487.68 points, or 3.08%, at 15339.49 on November 3 (Thursday); The Federal Reserve has raised interest rates by 75 basis points for the fourth time in a row, and the global financial market has been sluggish. Hong Kong stocks opened lower and moved lower. The three major indexes fell sharply across the board. The Hang Seng Science and Technology Index fell 3.84% to close at 3000 points. Large technology stocks still led the market. Netease, Alibaba and Baidu all fell by more than 6%, while Tencent, JD and Meituan all fell; The capital from Nanxia had a net inflow of HK $8.753 billion against the trend throughout the day, and the turnover in the market was less than HK $100 billion.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that the power of low position bulls moves up in a short-term shock, but the downward trend is good. Short term bears fall again, and the bearish sentiment in the market remains the same. The MACD indicator is in the bearish area, and the low position slowly moves up and then reorganizes, and the RSI indicator is hovering below the 50 equilibrium line;

Empty turning point: 15396

Pressing: 15706, 16093

Support: 15052, 14724

Trading strategy: 15396 bearish, target 15052, 14724

Alternative strategy: 15396 upside bullish, target 15706, 16093