The trend of technology stocks was divided, and the Hang Seng Index ended lower in shock

Fundamental analysis:

Hong Kong's Hang Seng Index closed down 55.07 points, or 0.27%, at 20116.2 on Thursday, May 26; Hong Kong stocks ended down in shock. The three major indexes all fell by more than 1% during the session, which was slightly weaker than that of a shares. After the National Conference on stabilizing the economic market, many places quickly threw out substantive good news. The Hang Seng technology index fell 0.24%. The trend of large-scale technology stocks continued to diverge, with Kwai rising by 1.57%, Xiaomi and Netease rising, Alibaba falling by 1.5%, and meituan and Jingdong closing slightly lower; The trade account of Hong Kong, China recorded HK $36.6 billion in April, with an expectation of - 340; Imports increased by 2.1% year-on-year and are expected to be - 6.9%; Exports increased by 1.1% year-on-year and are expected to increase by 6.9%.

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

Technical comments: the low-level Bull Power maintained a concussion, rose to the node near 20744, retreated when it was blocked, tangled in the narrow consolidation near the medium rail, the short-term short power began to move down slowly, the brin band index continued to close, the MACD index was weak around the 0 axis, and the RSI index was in the narrow consolidation near the 50 equilibrium line;

Long short turning point: 20226

Pressing position: 20665, 21089

Support position: 19642, 19231

Trading strategy: bearish below 20226, target 19642, 19231

Alternative strategy: bullish above 20226, target 20665, 21089

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