HK50: Low order multiple head up

Basic analysis:

The Hong Kong Stock Exchange today announced that as the Hong Kong Observatory has issued Typhoon Signal No. 8, the securities (including the Shanghai Shenzhen Hong Kong Stock Connect) and derivatives markets will suspend trading at 1:55 p.m. As of the suspension of trading, the Hang Seng Index has risen 2.41%, and the trading session after today's closing will also be suspended. After the suspension of trading in the Shanghai and Shenzhen Stock Connect, only the order cancellation instructions are accepted., Li Jiachao, Chief Executive of the Hong Kong SAR, said at the International Financial Leaders Investment Summit that Hong Kong would continue to maintain contact with the world and that Hong Kong would continue to become an international financial center and a port for free flow of capital. We will continue to relax social distance measures and other restrictions.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that the low bulls' momentum continues to move up in shock, short-term bullish sentiment starts to emerge, and the market bulls' momentum continues to move up. The MACD indicators remain in the short positions and move up, while the RSI indicators hover near the 50 equilibrium line;

Empty turning point: 15722

Pressing: 16093, 16449

Support: 15426, 15120

Trading strategy: 15722 upside bullish, target 16093, 16449

Alternative strategy: 15722 bearish, target 15426, 15120