Market sentiment tends to be cautious, HSI finishing high

Fundamental analysis:

Hong Kong Hang Seng Index closed down 145.54 points, or 0.66%, at 21869.05 points on Thursday, June 9; Hong Kong stocks opened high and went low throughout the day. The three major indexes all hit a new high yesterday. Today, the market sentiment is obviously cautious. As of the closing, the Hang Seng Index fell 0.66% to 22000 points, and the Hang Seng technology index fell 1.43%. The continuously rising technology stocks generally fell. According to institutions, the real estate market is expected to usher in recovery in the second half of the year. Domestic real estate stocks and property management stocks performed strongly throughout the day, while coal stocks and mobile game stocks generally rose.

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. After the high level reached the node near 22032, the short-term bull power still had a further upward trend. The Bollinger belt index continued to move upward slowly. The MACD index maintained a slow upward consolidation in the bull region, and the RSI index maintained a narrow consolidation in the bull region;

Long short turning point: 21687

Pressing position: 22244, 22616

Support position: 21288, 20877

Trading strategy: bullish above 21687, target 22244, 22616

Alternative strategy: bearish below 21687, target 21288, 20877

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