Hello, according to my analysis of HKES stock, there is a good buying opportunity as the stock broke the descending channel. With a breach of the strong resistance level at level 323, with a very positive green candle, which indicates a strong entry for buyers. Good luck everyone
Price is in a range for HKEX between 430 - 540.
If price were to reject above the current support and break above the trend line , we will expect to see a rise to 500 follow by 540.
Price of HKEX has been moving within a range and recently get out of the downtrend and resume the upward move once retested the base that is forming at current.
Potential target at $560 , and followed by $700 - $725 before another consolidation/healthy retracement.
Stop loss by $400 for this setup to be invalid.
HKEX posted positive earnings today. Below are the financial highlights:
YTD Q3 2020 revenue and other income was 12 per cent higher than YTD Q3 2019, a nine-month record high -
- Core business revenue was up 21 per cent against YTD Q3 2019, reflecting higher trading and clearing fees
driven by record headline ADT2
- Stock Connect revenue and other income reached...
We can pay lesser for the stocks that we like by being patient.
Looking at the price action, it is likely that it will falls a bit further to the 330 price level before we see a rebound. It does not mean that I will immediately buy at this level. Market is ever changing and it can falls further below 330 due to whatever circumstances.
So when the price reaches...
Time to put on your thinking cap!
We must remember in the market, there are many kinds of players. Retail, institutional, government authorities, etc. Some wants to invest for the long term and would not mind the volatility and probably add more when price drop.
Day or Swing trader would take advantage of this volatility and try to make some profits out of it....
Hong Kong Exchange & Clearing Ltd (388 - HK) is in ABC wave pattern in 60 min time frame, which might be over, but if it extends as impulse after C wave over as wave 3, then it will further go for one more wave as C wave up. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. But right now no...
copying last year's dropping pattern, we are heading to $246 area soon and C targets $220 and $196 area.
there're 2 pattern in the chart.
Blue: simple ABC,
Red: copy last year, going to $196 area.
