Hang Seng , When is a right time to buy Long.

HSI

As my view, tomorrow have an opportunity to buy Long, If the price up crossing 21,845, investor can set a stop buy at this price, and stop loss at 21709, the resistant might be around 22772 and 22914.

If open market the index is continued drop then we just do nothing and wait for next opportunity coming.

At current market, is clearly downtrend, So for buying long(reversal) Better set a tight stop loss.

Comment:

If you follow my trade idea, now we have quite a lot of profit, because we nearly buy at very lowest point and early then most other investor, just stay claim now set the stop loss at 22915 or 30000.

When the price surplus my second resistant(22914) is a sign that mostly it will move up, So this time for us is greedy and set the stop loss property.

I publish this trade idea is on early morning Tuesday(2am), before that the market is down nearly 1100 point. So clear i no wisdom after the event.

Comment:

Sorry the stop loss is 22915 or 23000, No 30000. Typing wrong. :)

Trade closed: target reached:

The topic is closed, because we already have some gain, hopefully you guy enjoy my price analysis, the market have any kind of indicator (too many) but dun forget all those indicators are base on price action, so maybe you will feel boring when see my article, because i no have fancy chart.

The most important thing is nope what stock you buy, what market you play. The critical thing is time. When to buy and dun go find why.