Weekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
In bearish market, starting from Q2 of 2018, the Hang Seng Index (HSI) enters bearish market. According to EW Theory, bearish waves either move in 5 or 3 smaller waves. Waves are impulsive if they move in 5, or corrective if they move in 3. In 5, we will denote the waves in 1-5, while ABC are used for corrective waves. I am betting the HSI will have 5 waves to...
US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic...
Expect a short-term pull back near 26100 level after a strong bounce from below 25000 to 26600, and probably challenge a higher level again. Market is still optimistic on US-China trade talk and expecting a pause in QT by Fed this year. Let's see...
Global stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to...
HSI fell on the first trading day of 2019 as evidence of slowing Chinese growth weighed on investors already reeling from the worst year for global equities since the financial crisis. HSI futures touched 25000 support after releasing of the weaker than expected China Manufacturing data; the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December...
HSI gapped up this morning and broke hourly trendline resistance as the market got some relief on the last day of 2018 after U.S. President Donald Trump reported “big progress” in trade talks with his Chinese counterpart. Short cover if price breaks 26000...
Another quick update and trading opportunities to trade in HSI. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
The trend is still bearish with no sign of moving higher. Keep small short positions and sell on every rebound, stop loss if price close at above 26000.
HSI just break below the support with high volume Sell-Off signal. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
The pivot low support near 24500 was pretty strong and HSI futures failed to challenge 27500 after the G20 meeting. Obviously, HSI didn't follow US stocks sharp correction much for the last few weeks. It would be interesting to see how market reacts after the long Holidays... Still expect HSI to hit 23500 level or below. Let's see...
2018.12.06 Hong Kong HSI will test upward trend line, if HSI cross below upward trend line, will have more chance to go lower.
As my chart Wave B start from 30-10-2018, Finish at 03-12-2018 If Wave C = Wave A , Hsi will be 18000 .