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Hang Seng Index Cash
Long

Summary of the week and a swing long position & locked profit

80
snapshot

HKG33

Summary of the week for the index.

1h chart form a golden cross below zero line and happen that 4h chart had formed the same golden cross even though both are below zero line. I took a aggressive & several long position.
  • TP at 20735 level at time was looking at the index trying to close the week gap.
    I did keep some position open hoping that the US trading time could continue to boost the index.
    But it seems it loose its steam and 4h chart not strong for MACD & Signal line breakout zero line.

    snapshot
    the Index closed at 20506.46 (still record a decline of 1.21% -250.70). Looking at the W chart it seems pulling back and let's continue to monitor if its prepare for the next climb.
    You may note that the W chart the MACD is above zero line still consider bullish but with weak lighter green histo.

    snapshot

    Jya. Let's zen during weekend with 🍵 & 📙




ChenQianYu
Chart PatternsTechnical IndicatorsmacdcrossoversupportandresitancetimeframeTrend Analysistrustwhatyoutrustzentradingstrategy

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Chart PatternsTechnical IndicatorsmacdcrossoversupportandresitancetimeframeTrend Analysistrustwhatyoutrustzentradingstrategy
ChenQianYu

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.