Compared with the rebound of Hang Seng Index, market sentiment is slightly cautious

Fundamental analysis:

Hong Kong's Hang Seng Index closed up 41.76 points, or 0.2%, at 20644.28 on Wednesday, May 18; Hong Kong stocks rose in the afternoon, and the three major indexes rose, slightly cautious compared with yesterday's big rebound. Today, the net inflow of funds going south was HK $2.157 billion, with a large market turnover of HK $112.6 billion.

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

Technical comments: the low-level Bull Power maintains a narrow amplitude shock and moves up slowly. It is in the middle of the Bollinger belt index channel. The upper rail section continues to sort out, and the short-term bull upward movement trend may continue. After the Bollinger belt index shows a downward movement trend, it starts to close at the low level, the MACD index is in the short area, maintains sorting and moves up slowly to the vicinity of the 0 axis, and the RSI index is in the short area, maintains the shock and moves up to the upper side of the 50 equilibrium line;

Long short turning point: 20372

Pressing position: 20983, 21408

Support position: 19987, 19563

Trading strategy: bullish above 20372, target 20983, 21408

Alternative strategy: bearish below 20372, target 19987, 19563

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