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Hangseng

The worst is over for Chinese stocks BABAIf you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BABA but all names have something similar is as follows. I treat that panic as an exhaustion and behavioural pattern confirms that so I consider the worst is over. Personally, I played that dangerously catching falling knives and loosing hairs so my words bring some sort of hope, but from technical perspective the situation is as follows. Another option is to treat the current leg up as a retest of the previous support but usually when you have seen that sort of panic and all the papers writing the same thing - it is just over. I expect some turbulence at this resistance since bears will try to play down the move but final move is gonna be UP. The first arrow is my initial momentum play. I expect to see some kind see-saw after the first leg and the second arrow reflects my further expectations.
NYSE:BABALong
by crazywlst
The worst is over for Chinese names BIDUIf you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BIDU but all names have something similar is as follows. I treat that panic as an exhaustion and behavioural pattern confirms that so I consider the worst is over. Personally, I played that dangerously catching falling knives and loosing hairs so my words bring some sort of hope, but from technical perspective the situation is as follows. Another option is to treat the current leg up as a retest of the previous support but usually when you have seen that sort of panic and all the papers writing the same thing - it is just over. I expect some turbulence at this resistance since bears will try to play down the move but final move is gonna be UP.
NASDAQ:BIDULong
by crazywlst
2
HSI1! 2021 Aug 16 WeekHSI1! HSI1! 2021 Aug 16 Week Gentle ascend, intermediate trend channel established. High probability short trade from the upthrust. Tested Historic UHV High from 27 Jul Weekly: Up bar close above middle (some strength, but supply still present) Daily: Strength coming in H4: Supply still present and Lower High Strategy for Short (Test and Reject): - 26900 - 26584 Strategy for Long (Test and Support): - 25815 - 25560 - 24743 - 24930 - 26340 (ultimate confirmation if there is acceptance at this price followed by strong bullish volume) Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
2021 Aug 09 Week HSI1! HSI1! HSI1! 2021 Aug 09 Week Last week's market: = No follow through in breakout - Weakness - Upthrust and returned to rotation zone = weakness - Yet to test the Historic UHV from 27 Jul - Market in 650pt rotation (grey box) Monthly = UHV wide spread down bar closing off low (Change in behavior takes time) Weekly = Potential demand, close on middle 26042 Daily: No result from Reversal1. Last bar closing off low, no sign of strength yet H4: Supply still present. (Weakness appears on Up bars) Immediate Resistance 26340 - 26483 Intermediate support 25560 - 25650 Strategy: 1) Price reaction off Red/Green Zones 2) Price reaction off boundary of rotation zone (grey box)
HKEX:HSI1!
by paradox677
2021 Aug 02 Week OANDA:HK33HKD 2021 Aug 02 Week Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar. Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision. Price bounced off Monthly channel demand line. Daily: Shakeout + Reversal = Strength. Market was resisted at 26340 temporarily. Given the UHV, there should still be supply to clear. H4: Bar A UHV ultra wide spread bar closing off low = strength. Automatic reversal after climatic Bar A has reasonably good bullish volume. Test of the lower region of bar A is to be expected. Bar B test of low has off the low and level with bar A, some demand is present. Strategy: (1) Red/Green zones = preferred entry (2) Dotted Red/Green is to indicate late entry, but risk will be higher since SL is further away Remember to follow and like if you find this useful. Have a profitable week ahead.
OANDA:HK33HKD
by paradox677
Hang Seng Index Futures at Key Inflection Point, Top to Resume?After tumbling recently, Hang Seng Futures are back to retesting a former trendline from 2020 as new resistance. This is also around the often pivotal 61.8% Fibonacci retracement at 26078. The near-term 20- and 50-day Simple Moving Averages (SMAs) still offer a downside bias, potentially acting as key resistance in the event prices materially push higher. Otherwise, downtrend resumption entails clearing key support, which seems to be the 78.6% level at 24708, as the index flirts with bear market territory. HSI1!
HKEX:HSI1!
by QM_Dubrovsky
1
[HK50 Short] 8 June, 2021 - Roger V Trading Ideas08/06/2021 HK50 Entry Resistance level idea: Range between 30250 to 30800 Resistance TP Support level idea: 1st aim: 29000 Final aim: 26720 Final SL for all Short positions: 31315 Resistance Level Comments: RVTA trading ideas on HK50, looking at the monthly chart, we can see multiple candlestick has formed in a consolidation queue. This shows that in the long term trend, if it get resisted in between 30250 to 30800 resistance level, the main direction for HK50 will go in a bearish trend over at least 3-6 months time from the date 8/6/2021 writing this trading idea. However, if it was to break the final SL of RVTA trading ideas of 31315 resistance. As per RVTA strategy secrets, it will inversely default look long position for HK50. (Please beware of fake breakouts.) -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
CAPITALCOM:HK50Short
by aluotradingjournal
HSI1! 10 May 2021 Week (Intraday) HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand line of a previous channel (grey) acted as a resistance with the highs tracing that line. Will market attempt to return to previous channel? Scenario: If 28663 is accepted, price may attempt 29820. Else we may again see green zone as price target. Have a good trading week ahead.
HKEX:HSI1!
by paradox677
HSI1! 2021 Apr 19 Week (Intraday) HSI1! 2021 Apr 19 Week (Intraday) Noticed that price weren't able to make its way past the midpoint of the channel. Is the market weakening? The support and resistance zone remains. No change to trade levels. 1) Use the range of previous ultra high volume bar as a guide for a immediate support/resistance. Clue: Ultra high volume, wide spread down bar is a sign of strength, WAIT for long opportunity in lower TF. Ultra high volume, wide spread up bar is a sign of weakness, WAIT for long opportunity in LTF.
HKEX:HSI1!
by paradox677
1