Fundamental analysis:
Hong Kong Hang Seng Index closed up 240.22 points, or 1.14%, at 21308.21 points on Wednesday, June 15; The main indexes of Hong Kong stocks performed strongly throughout the day, and the Hang Seng technology index rose 2.35%. On the disk, online education stocks continued to rise sharply. New Oriental online soared by more than 54% again, and its share price nearly quadrupled in four days! Large financial stocks (Chinese securities companies, insurance companies and banks) performed well, while domestic housing stocks and property management stocks continued to rebound. In an interview, financial secretary chenmaobo said that at present, he is trying his best to ask the relevant mainland departments to allow Chinese concept stocks listed in Hong Kong to be included in Hong Kong stock connect.
Hang Seng Index hk50 - 4-hour K-line chart display:
Technical comments: the nodes in the upper rail section of the Bollinger belt index channel continued to vibrate and rise, the high level reached the node near 22032 and retreated when it was blocked. It was supported and reversed and pulled up again when it touched the lower rail 20572. It was in the consolidation of the lower rail side of the Bollinger belt index, and the short-term bull dynamic force showed signs of continuing to move upward. The Bollinger belt index continued to move in a closing trend, and the MACD index began to move after it slowly retreated in the long area, The RSI index is near the 50 equilibrium line, and the narrow range finishing moves upward;
Multi empty turning point: 21129
Pressing position: 21554, 21886
Support position: 20718, 20319
Trading strategy: bullish above 21129, target 21554, 21886
Alternative strategy: bearish below 21129, target 20718, 20319
The above analysis is a personal point of view and is for reference only.