HK50: upward shock due to obstruction

Brief analysis of Fundamentals:

Hong Kong's Hang Seng Index closed down 35.39 points, or 0.18%, at 19326.86 on Tuesday, September 13; The three major indexes of Hong Kong stocks ended mixed, with the Hang Seng index down 0.18%, the national index up 0.07%, and the Hang Seng technology index down 0.2%. Most large technology stocks fell in shock, iPhone 14 bookings were hot, and apple concept stocks were strong throughout the day. Biden officially signed an order to boost American biomanufacturing, cro concept stocks fell sharply, and the net inflow of funds from the South was HK $3.187 billion, but the turnover in the big market was still less than HK $100 billion.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that the low bulls rose rapidly. After the short-term bulls rose, they were blocked and reorganized. The short sellers again waited for the opportunity to enter the market. The market was still in a weak position. The MACD index remained in the short positions and maintained its consolidation and upward movement, while the RSI index remained in a weak position near the 50 equilibrium line;

Empty turning point: 19333

Pressing position: 19508, 1965

Support position: 19156, 19007

Trading strategy: 19333 lower bearish, target 19156, 19007

Alternative strategy: 19333 upper bullish, target 19508, 19659