Hello everyone! How was yesterday trade? Hope everyone stick to the strategy set the SL/TP for your day trade.
News📰 : as expected and anticipate more positive news this week 🔮
tradingview.com/news/reuters.com,2025:newsml_L3N3PN0WP:0-china-shares-waver-hk-bounces-as-beijing-vows-more-support-for-consumption-ai/
**China shares waver, HK bounces as Beijing vows more support for consumption, AI**
HSI +1.30% at this news published.😂
Look at the HSI D Chart
- posted 28Feb2025
at point of writing; the index closed below key support level of 22900-23000 (the strong level of 23000 which is the 10MA level, the uptrend is broken 28Feb25); as mentioned this level has been retest 3 times, let's continue to monitor.
However, today the Index open Hi. So trade ⚠ cautiously. Don't chase Hi.
Trading volume: finance.yahoo.com/quote/^HSI/history/?frequency=1d
Date Volume
Mar 3,2025 4,338,200,000
Feb 28, 2025 6,578,300,000
Feb 27, 2025 6,257,000,000
Feb 26, 2025 5,138,100,000
Feb 25, 2025 4,449,800,000
Monthly
Mar 1 2025 - 4,338,200,000 (as of todate)
Feb 1 2025 - 93,960,700,000 (+7.53% from prev month)_correction
Jan 1 2025 - 52,385,800,000
Dec 1 2024 - 56,349,200,000
Avg past 3 months : 77.909Bn (+19.18% for the past avg vol); this imply the fund flow is abundance, hopefully this continues! Although the vol is slightly less than the last Oct 2024.
Look at the 4H chart
HK50
The HSI last Oct Hi @ 23241 has been broken, this level could be the resistance level for the Index to break the next level Hi. The HK50 last Oct Hi @ 23258.
Now, what's next?
As updated:-
Next level that we are looking at to break:
20985
21336-21350
22020-22535, 22840-22900
23241-23275-23314- 23471 (need to break above this level to change back to uptrend movement, else probably is gonna be sideways)
23952-24101
24385
🚨 as of ✍️ :
it stays above 22535(retest 3 times and this might formed very strong support level).
🗝️ support level :
22990 broken :22340-22750 (this level being tested 3 times 17,20Feb & 4Mar; last tested at 22535.3)
MACD - Deadcross was marked in Green, continue to curving down (4h Chart)
KDJ - Reverse to Bullish green zone on 4Mar25; the CFD continue to trading the upwards trend till now.
BB - Still within lower BB channel and gap up trading at upper BB channel/
the Mid-line 4H chart at 22960-975 was corrected from 23320.
Trade Plan: might pullback to 23020 to fill the gap. Range : 23025-23258
Buy into support : 22880-22960(confirm with indicators)
Sell at resistance : 23150, 23190, 23372/400, 23454,23512(it soared to hit ,this morning)
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵 for profits.
Happy Trading everyone!
🎯 Start 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.
2800 - 22.90-22.82 if it happens to retrace back to this level, otherwise anytime NOW is entry point! It's confirmed by the 200MA (above in W chart) ; also the W chart MACD GoldenCross. Cross-check it; if need helps let us know.
2823 - 13.17-14.75 can start to open position and start accumulate, is allowed to wait for confirmation once it breaks 14.75 level. But you will be getting at higher cost...
2801 - open position at price : 23.73-23.80 or anytime NOW! if ever retraced back to 23.36-23.66 accumulate more.
3067 - open position now, add position when it retraced to 11.63,,11.33 or below. If you have missed, you may tk position still good to start at 11.85,11.99,12.15
** Please Boost 🚀/LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea or need help! *
News📰 : as expected and anticipate more positive news this week 🔮
tradingview.com/news/reuters.com,2025:newsml_L3N3PN0WP:0-china-shares-waver-hk-bounces-as-beijing-vows-more-support-for-consumption-ai/
**China shares waver, HK bounces as Beijing vows more support for consumption, AI**
HSI +1.30% at this news published.😂
Look at the HSI D Chart
However, today the Index open Hi. So trade ⚠ cautiously. Don't chase Hi.
Trading volume: finance.yahoo.com/quote/^HSI/history/?frequency=1d
Date Volume
Mar 3,2025 4,338,200,000
Feb 28, 2025 6,578,300,000
Feb 27, 2025 6,257,000,000
Feb 26, 2025 5,138,100,000
Feb 25, 2025 4,449,800,000
Monthly
Mar 1 2025 - 4,338,200,000 (as of todate)
Feb 1 2025 - 93,960,700,000 (+7.53% from prev month)_correction
Jan 1 2025 - 52,385,800,000
Dec 1 2024 - 56,349,200,000
Avg past 3 months : 77.909Bn (+19.18% for the past avg vol); this imply the fund flow is abundance, hopefully this continues! Although the vol is slightly less than the last Oct 2024.
Look at the 4H chart
HK50 The HSI last Oct Hi @ 23241 has been broken, this level could be the resistance level for the Index to break the next level Hi. The HK50 last Oct Hi @ 23258.
Now, what's next?
As updated:-
Next level that we are looking at to break:
20985
21336-21350
22020-22535, 22840-22900
23241-23275-23314- 23471 (need to break above this level to change back to uptrend movement, else probably is gonna be sideways)
23952-24101
24385
🚨 as of ✍️ :
it stays above 22535(retest 3 times and this might formed very strong support level).
🗝️ support level :
22990 broken :22340-22750 (this level being tested 3 times 17,20Feb & 4Mar; last tested at 22535.3)
MACD - Deadcross was marked in Green, continue to curving down (4h Chart)
KDJ - Reverse to Bullish green zone on 4Mar25; the CFD continue to trading the upwards trend till now.
BB - Still within lower BB channel and gap up trading at upper BB channel/
the Mid-line 4H chart at 22960-975 was corrected from 23320.
Trade Plan: might pullback to 23020 to fill the gap. Range : 23025-23258
Buy into support : 22880-22960(confirm with indicators)
Sell at resistance : 23150, 23190, 23372/400, 23454,23512(it soared to hit ,this morning)
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵 for profits.
Happy Trading everyone!
🎯 Start 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.
2800 - 22.90-22.82 if it happens to retrace back to this level, otherwise anytime NOW is entry point! It's confirmed by the 200MA (above in W chart) ; also the W chart MACD GoldenCross. Cross-check it; if need helps let us know.2823 - 13.17-14.75 can start to open position and start accumulate, is allowed to wait for confirmation once it breaks 14.75 level. But you will be getting at higher cost...2801 - open position at price : 23.73-23.80 or anytime NOW! if ever retraced back to 23.36-23.66 accumulate more.3067 - open position now, add position when it retraced to 11.63,,11.33 or below. If you have missed, you may tk position still good to start at 11.85,11.99,12.15** Please Boost 🚀/LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea or need help! *
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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.
Related publications
Disclaimer
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.