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 Hang Seng Index is currently in a strong rise. As the yellow trading range between 17 424 and 15 571 points has already been approached, it is quite possible that the low of the magenta wave alt.(2) has already been set. We give this scenario a 40% probability and it would become our primary scenario if the resistance at 18 898 points is broken. Until then,...
While today the world’s first economy is celebrating Labor Day (so due to the bank holiday in the US, financial markets will most likely have below average volatility), the second world’s economy is recovering. From the low of the year reached on August 22, the Hang Seng index has already risen by more than 6%, as we suggested in the post on August 17th.
The...
Today, the price of the Hang Seng index fell below the level of 18,000 for the first time since November 2022. The media is publishing materials about the slowdown in the Chinese economy (which is confirmed by statistics) and the lack of expected government stimulus.
The FT writes that foreign investors have canceled purchases of Chinese shares worth USD 7.4...
Nice bounce on HSI, looks like a bottom in 2022 because of an impulse up, now right shoulder at support. China is doing everything to support its economy, but with high rates in other major countries, they just cannot pick up that easily.
However, when economy in China will really start picking up that’s when commodity currencies like AUD and NZD can benefit....
Exemplarily, Hang Seng has thumbed our target zone and turned upwards from there. Thus, we classify wave 2 in turquoise as complete. Now, wave 3 in turquoise should carry Hang Seng above the resistance at 21 056 points. The counter movement of wave 4 in turquoise should then push the index back toward this mark before the ascent can be resumed once again. However,...
🔹HSI is in a falling trend channel in the medium long term.
🔹An inverse head and shoulders formation is under development.
🔹Break upwards through 19400 will be a positive signal.
🔹Overall assessed as technically slightly negative for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder |...
HSI went oversold again.
China goes down, Bitcoin goes down. BTC seems like it's trading along with China for the past month.
Probably a weak bounce tonight, China has been very bearish lately.
Indicators don't show a direction, but I get a weird feeling China will get another pop tonight.
BTC has been tracking the Chinese market for the past month, so be careful if you're still shorting shitcoin.
- HSI is in a falling trend channel in the medium long term.
- This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 20786, ideally with an increase in volume, signals a further...
Hello and thank you for taking the time to read my post. Today, we analyze the Hang Seng Index (HSI) on the weekly scale, focusing on a classic price pattern called the "Inverted Head and Shoulders Pattern." The Hang Seng Index is the leading stock index in Hong Kong and one of the most important in Asia. It tracks the share prices of the 50 largest and most...
View On Hong Kong Stock Index (13 Apr 2023)
HSI is in
* Uptrend in short term
* Uptrend in Mid term
* Downtrend in Long term
We are seeing a good swing back UP in HSI and it shall go UP higher.
20400~20600 will be the immediate resistant for now but the price shall break UP sooner or later.
DYODD, all the best and read the disclaimer too.
Feel Free to...
- HSI is in a falling trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 22780, ideally with an increase in volume, signals a further rise.
- The index has support at points 19500 and resistance at points 22600.
- The RSI curve shows a rising trend, which is an early signal...
Overbought on RSI and MFI. Decided to buy a few PDD puts when it went green, it didn't rally with the Chinese market after missing earnings, it'll tank if HSI goes red.
Asians pumped futures last night along with the Euros, both NIKK and HSI (Hong Kong) are overbought. FDAX MFI also overbought.
Not expecting an EOD pump for the US market.
Wave analysis and chart pattern projection:
> A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout.
> TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+%
> MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
2023, week 11
HSI: at 19,161
According to the latest market update, the Hang Seng Index ( HSI ) is still not in a upward trend, with a current long close at 19,161 points.
Use backtesting to evaluate and make objective trading decisions. - PresentTrading
#HSI
![HSI: HSI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/q/qRhkvQtl_mid.png "HSI - Falling Trend Channel [MID TERM]")
![HSI: HSI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/m/m6tIJ00x_mid.png "HSI - Falling Trend Channel [MID TERM]")
![HSI: HSI - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/c/CwwJOHgJ_mid.png "HSI - Falling Trend Channel [MID TERM]")
