Not affected by overnight US stocks, Hang Seng Index maintained high volatility

Fundamental analysis:

Hong Kong Hang Seng Index closed down 62.87 points, or 0.29%, at 21806.18 points on Friday, June 10; Hong Kong stocks opened lower and went higher, maintaining a volatile market in the afternoon and not affected by the sharp fall of US stocks overnight. Most large-scale technology stocks rose, with Netease up 3%, alebaba up more than 1%, jd.com and Tencent up slightly, and Kwai down nearly 1%; Influenced by the news that the Ministry of education vigorously promoted the reform of digital education, online education stocks led the day, and New Oriental online soared nearly 40%.

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

Technical comments: the upper rail section of the Bollinger belt index channel continued to vibrate and rise, the high level reached the 22032 attachment node and adjusted when it was blocked, the short-term upward trend remained, the Bollinger belt index began to close after it showed an upward trend, the MACD index maintained a slow upward movement in the bull region, and the RSI index maintained a consolidation and translation in the bull region;

Multi empty turning point: 21846

Pressing position: 22247, 22606

Support position: 21381, 21023

Trading strategy: 21846 down bearish, target 21381, 21023

Alternative strategy: bullish above 21846, target 22247, 22606

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