HSI testing resistance levels —will it break through or bounced?
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25/03/2025 🚨🚨🚨 HSI resistance is being tested for short-term! Investors tend to take profit towards quarter end.
HSI MACD - Deadcross formed 20/3/2025.Resistance 24750-24600 level.
4H chart: HK50 at point of writing ✍️: the Index uptrend mode is paused and moving out of bound from the uptrend channel.
MACD : moving below zero line - Bearish mode. KDJ: below 30 level in the bearish zone. Hopefully the divergence cycle completing soon for a strong reversal. BB - ranging at lower BB; mid-line:23986 (this is your 🗝️ level for your long/short TP/SL level) Set your TP/SL and let the markets works.
For this week trade plan: Most likely short the index for days to few weeks until get confirmation of trendline back to uptrend channel. Buy into support Sell at resistance. Set your TP/SL. 🚨 as of ✍️ : Support/Resistance Levels :
22979
23030
23242(23374)
23526
23997
24385
24586
24648
24945
🗝️🗝️🗝️Level: 23526-23620
HSI continues its Bullish mode. W Chart:- 17Mar2025 - 24Mar2025 -
📰 another -ve news, but this might be distraction. 🚨 tradingview.com/news/te_news:452508:0-hong-kong-equities-under-pressure/ Shares in Hong Kong slumped 487 points or 2.0% to 23,417 on Tuesday morning, reversing gains from the prior session amid concerns over U.S. recession risks and China’s deflation threat.
For current markets condition, the CHN & HKG can be volatile with the continuing noise from tariff.
🎯 Reminder: For long term (6-18 months) continue to accumulate China & HKG for the potential upside for the year! All retracement is a good entry point.
🔎 DYODD and don't listen to anyone. Invest in yourself, do some study and learn along the way while you trying to verify or finding the answer if to start invest in CHN/HKG markets. If you don't know how or where, you may ask Deepseek/Chatgpt for most reputable Trading courses nearest to you.
Let's follow our own strategy and zen with 📙 and 🍵 for profits.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.