The mainland epidemic continues to ease, and the HSI returns to above 21000

Fundamental analysis:

Hong Kong Hang Seng Index closed up 426.57 points, or 2.06%, at 21123.93 points on May 30 (Monday); The epidemic situation in the mainland has continued to ease, Shanghai has steadily returned to work and production, and policies to promote consumption have been introduced in many places. In addition, US stocks continued to rise on Friday. Hong Kong stocks showed strong performance throughout the day. The Hang Seng technology index returned to above 21000 points, rising 3.94% to a new high since May 6. Today, the net inflow of funds going south was HK $154million, and the turnover of the market was enlarged to HK $128.8 billion.

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

Technical comments: the upper rail section in the Bollinger belt index channel of multi head power continues to vibrate and pull upward, and the upper rail area continues to rise. The Bollinger belt index is stuck and slowly moves upward after the closing trend, and the short-term multi head power shows signs of continuing to move upward. The MACD index is hovering and moving upward above the 0 axis, and the RSI index is in the 50 balanced online side to maintain a narrow range;

Multi empty turning point: 20850

Pressing position: 21288, 21594

Support position: 20505, 20187

Trading strategy: bullish above 20850, target 21288, 21594

Alternative strategy: bearish below 20850, target 20505, 20187

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