The market sentiment is high and the Hang Seng index continues to rebound

Fundamental analysis:

Hong Kong Hang Seng Index closed up 291.27 points, or 1.38%, at 21415.2 points on May 31 (Tuesday); Shanghai will resume work and production in an all-round way tomorrow and resume normal production and living order. Market sentiment was high, Hong Kong stocks continued to rebound, Hang Seng technology index rose 3.02%, large-scale technology stocks collectively strengthened, Baidu and Kwai rose 7.19%, meituan rose nearly 7%, Tencent rose 3.5%, jd.com and Alibaba rose more than 1%.

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

Technical comments: the upper rail section in the Bollinger belt index channel continues to fluctuate and rise, and the nodes near the upper rail continue to rise in the short term. The Bollinger belt index gradually opens its mouth and moves upward after it shows a closing trend. The MACD index is above the 0 axis, and the bull area maintains a slow upward movement of consolidation, and the RSI index is at 50 equilibrium, and the online side maintains a continuous upward movement of consolidation;

Multi empty turning point: 21182

Pressing position: 21594, 21966

Support position: 20811, 20505

Trading strategy: bullish above 21182, target 21594, 21966

Alternative strategy: bearish below 21182, target 20811, 20505

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