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Hang Seng Index: low strong pull up
2022-07-19
1160
Basic analysis:
Hong Kong Hang Seng Index closed up 548.46 points, or 2.7%, at 20846.18 on July 18 (Monday); The Fed's expectation of raising interest rates may fall to 75 basis points, and Hong Kong stocks rose all day, stopping the continuous decline last week. Hang Seng technology index rose 3.03% to 4500 points. Heavyweight technology stocks still led the market stronger, with meituan and Xiaomi up about 6%, followed by jd.com, Baidu, Tencent and Alibaba.
Hang Seng Index hk50 4-hour chart
Technical analysis:
Looking at the 4-hour chart: the short momentum continues to fluctuate downward, the low position is supported, the strong pull-up and upward movement, the short-term long pull-up trend may continue, the MACD index is in the short area to maintain the consolidation and translation, and the RSI index is hovering below the 50 equilibrium line;
Long short turning point: 20746
Pressing position: 21015, 21235
Support position: 20531, 20338
Trading strategy: bullish above 20746, targets 21015, 21235
Alternative strategy: bearish below 20746, goals 20531, 20338
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