HK50: Move low down

Basic analysis:

Hong Kong Hang Seng Index closed down 15.1 points, or 0.1%, at 15165.59 on October 25 (Tuesday); Boosted by the overnight rise of US stocks, Hong Kong stocks bottomed out and recovered in the morning. The Hang Seng Science and Technology Index once rose by more than 6% to close 2.96%, the Hang Seng Index fell slightly by 0.1%, and the National Index rose by 1.29%. All three stopped falling sharply yesterday. More than one international multi center registered clinical research on COVID-19 oral drug VV116 is ongoing; Concinor Biological rose by nearly 9% in the end, and the inhalation of recombinant COVID-19 vaccine (adenovirus type 5 vector) was started to strengthen immunization.

Hang Seng Index HK50 4 Hour Chart

Technical analysis:

The 4-hour chart shows that the bearish power continues its downward trend, and the short-term decline has not stopped. The market bearish sentiment is shrouded. The MACD indicator is in the low downward trend in the bearish region, and the RSI indicator is in the low weak trend in the bearish region;

Empty turning point: 15274

Pressing: 15560, 15864

Support: 14859, 14490

Trading strategy: 15274 downside bearish, target 14859, 14490

Alternative strategy: 15274 upside bullish, target 15560, 15864