Large technology stocks fluctuated, and the Hang Seng Index fluctuated

Fundamental analysis:

Hong Kong's Hang Seng Index closed up 59.17 points, or 0.29%, at 20171.27 on May 25 (Wednesday); Hong Kong stocks fluctuated upward, and the three major indexes rose by more than 1% in the late trading. The Hang Seng Index and Hang Seng technology index closed up 0.29% and 0.28% respectively, both of which stopped falling for two consecutive times. Large tech stocks rose and fell, with Kwai rising more than 5% after its performance, Netease rising 3% and Alibaba, jd.com and Tencent falling more than 1%; Today, the net inflow of funds from the South was HK $3.754 billion, with a large market turnover of HK $103.4 billion.

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

Technical comments: the low-level Bull Power maintained a shock rise, retreated after touching the node near the upper rail 20744 of the brin belt index, tangled around the middle rail for consolidation, and hovered near this level for a short time or maintained. The brin belt index showed a closing trend and continued to shift. The MACD index was in a weak hovering near the 0 axis, and the RSI index was in a narrow consolidation near the 50 equilibrium line;

Long short turning point: 20226

Pressing position: 20665, 21089

Support position: 19642, 19231

Trading strategy: bearish below 20226, target 19642, 19231

Alternative strategy: bullish above 20226, target 20665, 21089

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