The Hang Seng Index, with everything measured in Hong Kong Dollars rather than US Dollars, offers a distinct perspective within our analysis portfolio, focusing on the Hang Seng Index Futures contract. Starting with a weekly chart overview, we've identified that the initial cycle likely concluded in 2008, followed by a flat correction. Notably, the correction for...
Tell your hedge fund to buy Hang Seng Index and some Chinese stocks. Good returns will be coming in next years.
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand >> USE PAGE DN to go...
President Xi Jinping’s New Year address put paid to hopes of much larger stimulus. In his address, President Xi pointed to the consolidation and enhancement of the economic recovery and no signs of a boost from policy coming. Furthermore, China’s economic growth for 2023 came out at 5.2%, above the central government’s 5% forecast, which it boasted it was able to...
The HSI has risen sharply since Monday. Nevertheless, we continue to believe that the index is still working on a magenta-colored downward structure and is therefore not yet finished with its correction. Only after this five-part wave, and thus the turquoise-colored wave 3, has come to an end should things pick up a good bit - even if there is still further...
It was nearly three years ago when the China stock market notched a short-term peak. Recall how the world's second-largest economy was initially seen as a growth engine coming out of the worst of the pandemic. An authoritative regime in China, led by President Xi Jinping, crippled the economy's expansion trajectory through harsh ongoing lockdowns and by clamping...
This version of God View includes Fractal Analysis China QE = Roaring 20s or Black Swan Bust
I expect BYD to fall to $166.8 given the following: 1. Price fall before trendline cut = price fall after trendline cut 2. Fibonacci extension level of wave 5 (of C) = 1.618 of wave 1 (of C).
This is a short update to HSI. I will expect that the burst up today is a corrective wave 4 and for the next 2 weeks, a correction down to 15000.
My previous analysis of the Hang Seng Index was invalidated. And now I've done a revamp of the wave counts for 2023. This is the summary: 1. Hang Seng will continue to fall either till Christmas or EOY. 2. Target support, or end of correction, will be 14980-15100. Look out for this support zone.
To summarize: 1. We are currently in the 5th wave down. The last wave. 2. Potentially a sharp drop for the last 2 weeks of Dec 2023. 3. Price might follow the same pattern as Dec 2018. 4. Target 10130-10145.
In this analysis, I talk about how I used Elliott Waves to count the moves of Hang Seng Index from Jan 2018 to 24th Nov 2023. The main points to take note are these: 1. The corrective move down in 2023 is over. 2. We are still in a minor corrective move down. 3. But a wave 3 up is round the corner and that it will be an explosive one. 4. The risk is low for this...
The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the...
The HANG SENG INDEX is the main indicator of the overall market performance in Hong Kong. The index has underperformed the rest of the world since March 2020 and was among the worst performing indices globally from 2020-2022. In October 2022 however the Index seems to have moved up in a 5 wave structure after having seen quite a freefall from Feb. 2021. This 5...
The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
The market is STILL BEARISH but, 1) HK50 is now fully oversold. 2) There is a harmonic pattern 3) There is H1 RSI divergence Tight stop loss. We need to ensure to exit quickly as the market is still down.
We take a look at the Daily charts and price action on our Key Indexes. It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video. We take a look at the following Key Indexes:- Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei. *** Feel...
bearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week. The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment. There were no economic indicators from the region to change the mood. Market Overview It was a bearish morning session for...