Hang Seng Index: bears continue to fall

Hong Kong Hang Seng Index closed down 46.74 points, or 0.22%, at 20751.21 on July 14 (Thursday); Hong Kong stocks rose in the morning and plunged in the afternoon. The Hang Seng technology index rose 0.89% and once rose more than 2% in the session. On the disk, most large-scale technology stocks rose, the wave of uncompleted residential flats was fermenting, banks and real estate stocks were weak, and building materials and cement stocks and catering stocks generally fell.

According to the 4-hour chart, the market bears are in good mood, the downward trend continues, and there is no sign of final stop. The MACD index is weak at the lower side of the 0 axis, and the RSI index is in the narrow consolidation of the short area;

Turning point of long and short: 20831

Pressing position: 21069, 21279

Support position: 20492, 20275

Trading strategy: down 20831, targets 20492, 20275

Alternative strategies: bullish above 20831, goals 21069, 21279