Hang Seng Index: weak low shock

Basic analysis:

Hong Kong Hang Seng Index closed down 46.2 points, or 0.22%, at 20562.94 on July 25 (Monday); The decline of Hong Kong stocks narrowed in the afternoon, with the Hang Seng technology index falling 1.38% and the intraday decline of more than 2.5%. Today, the net inflow of funds going south was HK $1.304 billion, and the market turnover was HK $89.3 billion. Due to China's cyclical upward trend, moderate inflation and the support of the central bank's active policies, it is expected that China's stock market can become a relative "safe haven", reducing the target of the Hang Seng Index from 27000 points to 24500 points at the end of this year, with a potential increase of about. It is believed that the decline of the Hang Seng Index's earnings forecast will be stable, and even may be improved in the second half of the year.

Hang Seng Index hk50 4-hour chart

Technical analysis:

According to the 4-hour chart, the short momentum fell again, about to fall below the previous low, the MACD index was in the short area to maintain the consolidation and translation, and the RSI index was hovering below the 50 equilibrium line;

Long short turning point: 20680

Pressing position: 20868, 21078

Support position: 20370, 20204

Trading strategy: bearish below 20680, target 20370, 20204

Alternative strategies: bullish above 20680, targets 20868, 21078