HSI is approaching its support at 27240.6 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 30197.0(61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
HSI - Nov 2016 - Sell at Resist levels and Zones
HSI is running below the 50 days MA, sign of weakness, the retreat was forecast last month, and it should continues through this month towards the support zones.
Wait for confirmation of engulfing red in 1 to 2 hour candle when ever index rebound back to resist levels and zones to confirm the sell trade. profit...
HSI - 11 Oct. 2016 - Weekly Update
Index has dropped suddenly after open high this morning at 24064, a little higher than previous week at 24000 top level, very clearly, market in HK is rejection this level, but elites again will act differently, there could still be chances that Index might push up one more time during US open hours. So those that has started...
HSI - Buy at the break out of this correction
This is one hour chart to following the forecast of this month.
Index has climb above the resist zone which the zone is now become the support zone for the upper side. index much not break through downward, if the climb is to be continues. so be alert at this support zone in the coming days.
The climb towards the...
HSI - Direction Forecast with S/R Zones
After last month 500 points up and down daily shake off Phase, Index has now come to the final phase of Elites' top level sell off phase, this month, we should see strong buys towards the resist zones, index will climb strongly towards it almost with no retreat, another 1200 points or more towards the level of 24000, it...
07 Sept. 2016
Hang Senf Index - 4 Hour Chart
Index is now reach a resist level, but buying is strong, expect index to continues the up trend after a correction to the support levels.
The STRONG Resist Zone is where I expect a nice sell back down to the support zone below in this chart, once index manage to climb and reach it, may be in mid. Oct. so watch out...