Hang Seng Index: weak shock downward

Basic analysis:

Hong Kong Hang Seng Index closed up 34.51 points, or 0.17%, at 20609.14 points on July 22 (Friday); The three major indexes of Hong Kong stocks fell in the afternoon, rebounded in the late afternoon and closed up slightly, with the Hang Seng technology index up 0.33%. Large technology stocks rose and fell in different ways, with Kwai rising by more than 3%, Baidu and Alibaba rising slightly, and Netease, Tencent, jd.com and Xiaomi floating green; Foxconn concept stocks rose again, led by a net inflow of HK $1.629 billion from the south today, with a market turnover of HK $85.1 billion.

Hang Seng Index hk50 4-hour chart

Technical analysis:

According to the 4-hour chart, the short position sentiment in the market continues, and moves down again after a short-term rise. The MACD index is in the short position area, maintaining the consolidation and translation, and the RSI index is 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