Hang Seng Index: high volatility

Hong Kong Hang Seng Index closed up 82.2 points, or 0.38%, at 21725.78 points on July 8 (Friday); The main indexes of Hong Kong stocks opened higher and went lower. The three indexes all fell during the session. As of the close, the Hang Seng Index and Hang Seng technology index rose slightly, up 0.38% and 0.59% respectively. Large technology stocks rose, and Alibaba closed up about 4%. Today, the net inflow of funds going south was HK $1.846 billion, and the market turnover was HK $105.8 billion.

According to the 4-hour chart, the high level retreated and fluctuated in the short term, and the long power pulled up again. The MACD index hovered on the upper side of the 0 axis, and the RSI index was in the 50 equilibrium line side narrow consolidation;

Long short turning point: 21679

Pressing position: 21994, 22313

Support position: 21206, 20891

Trading strategy: bullish above 21679, targets 21994, 22313

Alternative strategy: bearish below 21679, goals 21206, 20891