Hang Seng Index: fluctuating downward

Hong Kong Hang Seng Index closed down 279.46 points, or 1.32%, at 20844.74 on July 12 (Tuesday); Investors are mainly worried about the epidemic situation, inflation, Federal Reserve policy, economic recession risk and other factors. Hong Kong stocks fell again, with market sentiment depressed. The Hang Seng technology index fell 2.14%, and both the Hang Seng Index and the Hengke index fell below 21000 and 4600 key points, recording two consecutive falls. Large technology stocks showed weak performance throughout the day. Experts predict that the growth rate of infrastructure investment in the third quarter will show high growth, heavy infrastructure stocks will strengthen significantly, institutions refer to coal to maintain a high boom, coal stocks are active, and catering stocks rose in the afternoon.

According to the 4-hour chart, the short-term momentum remained volatile and downward, and there was no sign of stopping in the short-term decline. The market short-term sentiment was shrouded, the MACD index was weak under the 0 axis, and the RSI index was narrow under the 50 equilibrium line;

Long short turning point: 21015

Pressing position: 21345, 21706

Support position: 20562, 20216

Trading strategy: 21015 down, targets 20562, 20216

Alternative strategy: bullish above 21015, goals 21345, 21706