Hang Seng Index: high short-term correction

Hong Kong Hang Seng Index closed down 29.44 points, or 0.13%, at 21830.35 points on July 4 (Monday); The three major Hong Kong stock indexes ended mixed, with the Hang Seng technology index up 0.28%. On the disk, most large technology stocks strengthened in the afternoon, with meituan and jd.com up 3.6%, baidu up more than 2%, Xiaomi and Alibaba up, but Tencent down 2%; The net inflow of funds heading south today was HK $3.05 billion, and the market turnover was HK $131.4 billion.

According to the 4-hour chart: the bull power continues to move upward with wide range oscillation in the Bollinger belt index channel, and the upward trend trend is coming. The high level has hit the nodes near the upper rail for many times, and it is blocked for a short time. The short power shows signs of waiting for the opportunity to enter, and it is in a short-term or high-level consolidation trend. The Bollinger belt index is in a short-term closing trend, the MACD index is in a weak consolidation in the bull region, and the RSI index is in a 50 balanced narrow range on the online side;

Long short turning point: 21979

Pressing position: 22313, 22582

Support position: 21467, 21153

Trading strategy: 21979 bearish below, goals 21467, 21153

Alternative strategies: bullish above 21979, targets 22313, 22582