Weekly Analysis, looking for a lower high compared to 22565 with Weekly Hidden Bearish Divergence on both RSI & MACD
Using retraces for entries, tight stop at the .786 in case of possible reversal and full position at the .886
If you agree or disagree with the setup, please let me know and explain ! We're all here to learn and grow off each other!
HSI1! 2022 JAN 10 Week
If breakout of 23695 and is supported, this may signify change in trend.
Possibility of demand returning as price has been peeling away from the
lower trend line (black).
Fresh trend line (brown) scenarios will be
1) bounce from trend line and breaking upward and supported by 23695
could lead to change in trend.
2) Oversold and market...
View On Hong Kong Stock Index (12 Mar 2021)
We are seeing some strength coming back in the HK and it will use 28,000~28,750 as support region.
Once the current resistant of 29400~29500 is broken, it shall rise a lot higher.
29,750~30,000 will be the next.
Cheers.
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HENGSENG was a screaming buy after it collapsed towards 26000. I was strong bull after those levels and went long till 28000. I do see slight pop up towards 28150/200 and close the gap before we start to see some more downward correction.
I have been carefully monitoring HSI Hengseng and its range. I have been correct on several occasions and once again I alerted short yestarday and it has paid off. look out for 200MA to find support for today.
HSI has managed to show some upside volatility and complete chart patterns. It has rallied from 29850 level where I suggested a Buy. We have some resistance in this area and could potentially be looking to close some gaps from here as it has rallied around 2000 points from last week.
Alerted 3 days back to long HENGSENG, HSI Plays out extremely well and more upside to come. We might close the 200 point gap up but expect the trend to be on the up side to wards the yellow median line as of now.
Hengseng found some support at the 50% fibo level but we will have to wait and see how long it is able to hold that level,
We will however eventually see the upside bull run in my opinion as the rallies globally get stronger. We have some down side support on the 200 MA where I see a possible drop first than a rebound to the upside. It can indeed start to rally...
