Hang Seng Index: shock retreat

Hong Kong Hang Seng Index closed up 56.92 points, or 0.26%, at 21643.58 points on July 7 (Thursday); The main indexes of Hong Kong stocks all opened low and rose high. Hang Seng technology index fell 0.45%, most large technology stocks fell, meituan and Alibaba closed slightly lower, and Xiaomi and Tencent rose more than 1%; The government of the Hong Kong Special Administrative Region announced today that after a preliminary review of data and scientific analysis, it believed that continuing to strengthen more frequent nucleic acid testing for arrivals would be more effective in blocking import cases. Therefore, it decided to suspend the circuit breaker mechanism for individual routes from today (July 7) until further notice.

According to the 4-hour chart, the high short power maintained a shock and went down to the middle and lower track of the Bollinger belt index for consolidation. After the short-term high retreated, it began to vibrate. The Bollinger belt index continued to show a closing trend. The MACD index was weak above the 0 axis, and the RSI index was weak near the 50 equilibrium line for consolidation;

Long short turning point: 21679

Pressing position: 21994, 22313

Support position: 21206, 20891

Trading strategy: bearish below 21679, targets 21206, 20891

Alternative strategies: bullish above 21679, targets 21994, 22313