Large tech stocks diverged, Hang Seng Index ended weaker

Fundamental analysis:

Hong Kong Hang Seng Index closed down 122.23 points, or 0.56%, at 21531.67 points on Tuesday, June 7; Hong Kong stocks rose and fell back. At the end of the day, Hang Seng technology index fell again. The Hang Seng technology index once rose by more than 1.5%. There were differences in the trend of large-scale technology stocks. Apple concept stocks fell sharply, and sunny led the decline in the constituent stocks of Hang Seng Index; Today, the net inflow of funds going south was HK $2.493 billion, and the turnover of the market was HK $140billion.

Hang Seng Index hk50 - 4-hour K-line chart display:

Technical comments: the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, and the high level reached the node near 21620. The short-term bull power continued to move upward. The Bollinger belt index continued to move upward and was in a slow opening trend. The MACD index maintained a slow upward movement in the bull region, and the RSI index maintained a narrow consolidation in the bull region;

Multi empty turning point: 21209

Pressing position: 21700, 22072

Support position: 20877, 20558

Trading strategy: bullish above 21209, target 21700, 22072

Alternative strategy: bearish below 21209, target 20877, 20558

The above analysis is a personal point of view and is for reference only.