Hang Seng Index: fluctuating upward

Hong Kong Hang Seng Index closed up 229.16 points, or 1.11%, at 20890.22 on July 20 (Wednesday); European and American stock markets rebounded overnight, and Asia Pacific stock markets rose in response. Hong Kong stocks remained strong throughout the day, recovering 21000 points during the session, and the Hang Seng technology index rose 1.56%. Affected by the epidemic, catering stocks, tourism and hotel stocks, haobet stocks and other groups rose; Military stocks, gold stocks, home appliance stocks and non-ferrous metal stocks rose simultaneously. Today, the net inflow of funds going south was HK $2.062 billion, and the market turnover was HK $89.3 billion.

According to the 4-hour chart, the power of low-level bulls maintained a concussion and pulled up, and the short-term high opening consolidation. The Bulls showed signs of continuing to move upward. The MACD index was in the short area to maintain consolidation, and the RSI index was hovering near the 50 equilibrium line;

Turning point of long and short: 20807

Pressing position: 21078, 21288

Support position: 20619, 20453

Trading strategy: bullish above 20807, target 21078, 21288

Alternative strategies: bearish below 20807, targets 20619, 20453