HSI: high adjustment

Hong Kong Hang Seng Index closed down 422.08 points, or 1.88%, at 21996.89 points on Wednesday, June 29; Hong Kong stocks maintained a downward trend throughout the day. The hot food, tourism and other sectors all stalled yesterday, and heavyweight technology stocks also fell collectively. The Hang Seng technology index fell 3.27% and both fell below the 22000 and 5000 mark again. On the disk, large-scale technology stocks Netease fell by more than 4%, Xiaomi, jd.com, Netease and Baidu all fell by 3%, and Tencent closed down slightly, recording three consecutive falls. On the anniversary of the establishment of the Hong Kong Special Administrative Region of the Hong Kong stock exchange, northbound trading was closed.

According to the 4-hour chart, the high level began to vibrate after breaking through the nodes near the brin belt index on the track in a short time, and the short-term short power showed signs of waiting for the opportunity to enter. The brin belt index began to close slowly after opening up. The MACD index was in the long area to maintain consolidation, and the RSI index was in the 50 equilibrium line to maintain oscillation;

Long short turning point: 21979

Pressing position: 22313, 22582

Support position: 21467, 21153

Trading strategy: 21979 bearish below, target 21467, 21153

Alternative strategy: bullish above 21979, target 22313, 22582