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Hangsengindex

HSI - Potential Bearish Engulfing on Weekly CloseIt is very crucial for the last trading day of January 2021. If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices. 1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened. 2. Being resisted twice by 2019 year high at 30,280. So, is the trend repeating? Is the market already top for the year of "BULL" (2021)? I hope not. However, the past performance is not always*(sometimes it does)* indicative of future results. Be cautious. Stay safe and Gong Hei Fat Choi! <3
TVC:HSI
by Inandouthunter
HSI1! 2021 Jan Week HKEX:HSI1! HSI1! 2021 Jan 25 Week Red Greed zones = preferred entry levels Grey box = price rotation If we look at the daily/weekly chart, the high is nearing 30336, previous resistance. Immediate price watch 29488, 29672 Resistant3 = 30336 (Previous high, supply area) Resistant2 = 30098 - 30143 Resistant1 = 29857 - 29905 Support1 = 29323 - 29362 Support2 = 28970 - 29000 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this useful. Have a safe and successful trading week ahead.
HKEX:HSI1!
by paradox677
1
HSI1! 2021 Jan 18 Week HKEX:HSI1! HSI1! 2021 Jan 18 Week Red Greed zones = preferred entry levels Grey box = price rotation Price rejection observed at 28675 - 28620 Price rotation observed (grey box) For a long trade the bottom of Bar A should not be broken. Intermediate support = 28313 - 28371 Resistant2 = 28970 - 29000 Resistant1 = 28620 - 28675 Support1 = 28168 - 28198 Support2 = 27757 - 27806 Support3 = 27402 - 27461 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this helpful :) HKEX:HSI1!
HKEX:HSI1!
by paradox677
5
HS1! 2021 Jan 11 Week HS1! HSI1! 2021 Jan 11 Week Red/Green zones are preferred entry area. Intermediate 27753 resistance was broken through and has now become intermediate support. Though B sees a rejection, the volume isnt' as high as I'd like to see. The bar after it is a down bar on low volume. Notice also the price rotation zone marked out by the grey box. Let's see if market is buidling up for higher prices or if this is topping over. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27958 - 28012 Intermediate support = 27780 - 27806 Support1 = 27645 - 27690 Support2 = 27400 - 27461 Support3 = 26854 - 26947
HKEX:HSI1!
by paradox677
HSI1! 2021 Jan 06 Midweek Update HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 - 28012 Intermediate resistant = 27753 (price rejection from 2020 Feb 10) Support1 = 27325 - 27400 Support2 = 26854 - 26947 Click like or follow if you find this useful.
HKEX:HSI1!
by paradox677
2
HS1! 2020 Nov 30 Week PlanningHS1! Bar 1 Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar. The breakout is not convincing Bar 2 Another breakout attempt, but made a lower high than bar 1. There is some demand as price close slightly above middle of the bar. Reason for caution is that although the top of the resistance at 26876 is beginning to act like support, we are still in the supply area of Bar 1. And the diminishing volume on the breakout attempts tell us that bullish strength is not really present. Scenario planning: 1) 26876 resistance turned support and strong buy volume comes in. Will it attempt to close the gap from February 2020? 2) Mark up on low volume continues before price reversal 3) Price reversals back into resistance zone, and subsequently goes lower back into the rotation range Trade with care for 30 Nov week.
HKEX:HSI1!
by paradox677