The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the...
From the peak at 22,792 in mid February this year, we are now seeing HSI entering into a bear market territory currently. Some said that the selling has been excessive and possibly a rebound is near the corner due to sellers' exhaustion. Effective Sept 4 this year, we will see Country Garden being deleted from the HSI after missing payments on its bonds. Since...
Good volume has arrived over the last 2 days. Not totally convinced that Long term bottom is in place but for next few days/weeks, HSI should make its way up towards the top of the parallel channel. Resistance will come in at 17500, 18000, 18500 and 19000.
Move down Today seems to be a breakout from the Triangle. I expect Oct 4 Low to hold and a strong move up towards 20k starts here.
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,...
The week stated with stock markets facing pressure due to a violent attack by Hamas on Israel. The involvement of other players, notably Iran suspected of aiding Hamas, has raised concerns of a potential full-scale conflict, prompting the United States to dispatch a squadron of warships toward Israel. Consequently, global markets are grappling with heightened...
Start Buying. HSI at the start of at least multi month may be even years of uptrend.
Those who hit the bullseye below previous swing low can book profit around 19k. Bottom not in yet. More consolidation and lower prices to come over the next few days/weeks.
Hang Seng got rejected on the 1D MA50 two weeks ago and is headed again to the bottom of the Channel Down pattern. The 1D timeframe turned red again on its technical outlook (RSI = 41.280, MACD = -221.700, ADX = 20.498) and this is becoming a buy opportunity again. Every prior rise inside this Channel Down has been at least +10.90% so the one that started on the...
Hsi can breakout from this consolidation any moment now. If it breaks down then going Long below the previous swing low at 17500 is a no brainer. Give your trade some room as they may try to hit the SL below 16800. If it breaks up then we will have to watch the resistance to higher prices to determine if the market has bottomed and is starting a big move up or...
Volume is highest between 18000-18500. This is where most of the buying is happening. Expecting consolidation for few days, maybe whole of this month.
Market back between the blue lines as expected. Selling and buying both strong so expect some zigzag. Lower prices to come.
Rally from here may very well go on to make the new ATH. Go Long below one of the 2 lows and hold onto this one.
Day trading the Hang Seng Index...explanation of the two trades for the day and the price action that led to the setups. I talk through my approach to Day trading and how I use the indicators along with how to Manage the Risk while in a trade. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** **...
On August 21st, the 1-year Loan Prime Rate (LPR) was lowered from 3.55% to 3.45%, while the 5-year LPR remained at 4.20%. On August 15th, the Medium-Term Lending Facility (MLF) rate was lowered by 15 basis points (bp). The market had anticipated a 15 bp reduction in the 1-year LPR rate and a 20 bp reduction in the 5-year LPR rate. However, there isn't a clear...
In July 2023, the year-on-year decrease in the Consumer Price Index (CPI) for residents in China was 0.3%, while the month-on-month increase was 0.2%. The Producer Price Index (PPI) for industrial producers in China showed a year-on-year decrease of 4.4%, and a month-on-month decrease of 0.2%. The cyclical fluctuations in commodity prices similarly affect the...
Stochastic and MACD HSI strategy. With Stochastic as main and MACD as filtering for singal noise
Simple price yet useful HSI SMA price cross strategy.