The market followed the strong rebound of US stocks, and the HSI closed up strongly

Fundamental analysis:

Hong Kong Hang Seng Index closed up 581.16 points, or 2.89%, at 20697.36 points on May 27 (Friday); Driven by the sharp rebound of U.S. stocks overnight, Hong Kong stocks performed strongly throughout the day, and the three major indexes all closed up sharply. Technology stocks returning to Hong Kong led the way, leading to the rise of Hang Seng technology index, which rose by more than 500 points. Alibaba and Baidu posted earnings that exceeded their expectations, up 12.21% and 14.26% respectively, showing particularly bright performance. Tencent, meituan, JD and other heavyweight technology stocks rose generally; Ali concept stocks also strengthened across the board.

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

Technical comments: it has been maintained in the upper rail section of the Bollinger belt index channel for a long time. After the multi head power maintained shock, it began to move up slowly. The Bollinger belt index continued to show a closing trend. The MACD index was in a weak position near the 0 axis, and the RSI index was in a weak position near the 50 equilibrium line;

Multi empty turning point: 20359

Pressing position: 20917, 21288

Support position: 19961, 19629

Trading strategy: bullish above 20359, target 20917, 21288

Alternative strategy: bearish below 20359, target 19961, 19629

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