Hang Seng Index: low wide range oscillation

Basic analysis:

Hong Kong Hang Seng Index closed up 342.94 points, or 1.67%, at 20905.88 points on July 26 (Tuesday); Hong Kong stocks rebounded, and the three major indexes ended up. Education stocks, housing stocks and property management stocks increased in late trading, which was the best market performance. New Oriental online closed up by more than 19% and led the rise of education stocks. A consultation meeting on the docking of relief projects was held, and interior housing stocks and property management stocks soared together; Today, the net inflow of funds from the South was HK $2.185 billion, and the market turnover was HK $96.5 billion.

Hang Seng Index hk50 4-hour chart

Technical analysis:

Looking at the 4-hour chart: in the short term, it has been tangled up many times, and the low-level wide swing, the long power has waited for the opportunity to enter and began to rise, the MACD index is in the short area to maintain the consolidation and translation, and the RSI index is in the weak position in the short area to move up and hover near the 50 equilibrium line;

Turning point of long and short: 20811

Pressing position: 21025, 21180

Support position: 20679, 20520

Trading strategy: bullish above 20811, target 21025, 21180

Alternative strategies: bearish below 20811, targets 20679, 20520