Market sentiment was high throughout the day, and the HSI soared

Fundamental analysis:

Hong Kong Hang Seng Index closed up 571.77 points, or 2.71%, at 21653.9 points on June 6 (Monday); Hong Kong stocks rose in a straight line at the end of trading, the gains of the three major indexes further expanded, and the sentiment of the market was high throughout the day. Large technology stocks rose in late trading, leading to a rise in the market. Meituan's performance rose by about 10%, Baidu, Kwai and Alibaba rose by more than 5%, jd.com rose by 4.7%, and Netease, Tencent and Xiaomi all rose.

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

Technical comments: the bullish power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. After the high level touched the node near the upper rail 21567 again, the short-term bullish power still continued to rise. The Bollinger belt index continued to open gradually. The MACD index remained in the bullish area for consolidation, and the RSI index moved up in the bullish area above the 50 equilibrium line;

Multi empty turning point: 21408

Pressing bit: 21966, 22364

Support position: 20996, 20558

Trading strategy: 21408 upside bullish, target 21966, 22364

Alternative strategy: bearish below 21408, target 20996, 20558

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