HKEX to see early pessimism?HS50 - 24h expiry - We look to Buy at 20900 (stop at 20670)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 21555 and 22590
Resistance: 22590 / 24770 / 27550
Support: 20875 / 19525 / 18580
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HONG KONG 33
HKEX dips continue to attract.HS50 - 24h expiry - We look to Buy at 21405 (stop at 21180)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 22040 and 22145
Resistance: 22590 / 24770 / 27550
Support: 20875 / 19525 / 18580
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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hong kong longterm view and long setup hong kong long
😊
Im looking at hong kong 33 and I can see new wave coming for up
There is two look:
The first:
We are in the end of the correction wave (b) and we are going to start the fast (c) wave to make new top
The first part of it going to be the orange (a) and it will be an impulse wave and the target 50% of the (b)
The second:
We are in higher degree B wave and we could have correction then continue the down move to second area (the yellow box ) then will start out impulse wave (historical start)
So in both look we are looking to up move 😊
I put my setup in the chart
Good luck!
Please let me know what you think
Fading into HS50 negative trend.HS50 - 21h expiry - We look to Sell at 19475 (stop at 19795)
We are trading at overbought extremes. A Doji style candle has been posted from the high.
Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 19475 level.
Our profit targets will be 18675 and 18540
Resistance: 19480 / 20635 / 22510
Support: 18540 / 17605 / 16450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HK33 to extend gains?HS50 - 22h expiry - We look to Buy a break of 18465 (stop at 17985)
Buying pressure from 17703 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 18470.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 18465, which will confirm the bullish sentiment.
Our profit targets will be 19835 and 20635
Resistance: 18540 / 19480 / 20635
Support: 17605 / 16450 / 14580
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying HK50 at key support.HS50 - 21h expiry - We look to Buy at 16461 (stop at 16249)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 16400 level.
Our profit targets will be 16969 and 17169
Resistance: 18540 / 20635 / 22510
Support: 16450 / 14580 / 14000
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Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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Selling HK50 at previous support.HS50 - 22h expiry - We look to Sell at 16140 (stop at 16680)
Previous resistance located at 15836.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
We look to sell rallies.
Our profit targets will be 14600 and 14000
Resistance: 16940 / 18130 / 19165
Support: 15425 / 14000 / 12000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling HS50 at market.HS50 - 22h expiry - We look to Sell at 16695 (stop at 17020)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
Further downside is expected although we prefer to sell into rallies close to the 16695 level.
Our profit targets will be 15770 and 15425
Resistance: 16940 / 18130 / 19165
Support: 15425 / 14000 / 12000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HK33HKD Headed to 11,000?Technical setup appears to suggest a visit to the range lows is in process (unless a technical reversal takes place)
Note: There are two technical targets both pointing to the range lows.
1) The horizontal trade range, having broken down after leaving the range highs & returning into the range.
2) The 1.618 extension of the rising wedge that has now broken down
Watchout for early optimism in HS50,HS50 - Intraday - We look to Sell at 18890 (stop at 19100)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 18285 and 18130
Resistance: 19165 / 19800 / 20320
Support: 18130 / 16940 / 15425
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HSI1! 2022 MAR 28 Week
HSI1! 2022 MAR 28 Week
Continue to watch reaction at 22703.
Weakness expected, market may test 20241.
Do note that downtrend remains since trendline has yet to be broken
and higher low has not yet formed.
Weekly: Ultra High Volume very wide spread up bar rejecting lower prices,
followed by average vol down bar closing off low, level with previous bar
= some strength
Daily: Declining volume as price was marked up = weakness
H4: Topping off, temporary weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 MAR 21 Week
HSI1! 2022 MAR 21 Week
18037 support returned strongly.
Wait for reaction at 22703 as market returns to test previous breakdown and
channel area.
Weekly: Ultra High volume up bar closing on high =
possible weakness
Daily: Very high volume reversal followed by average
volume up bar = strength
H4: Market up on reducing bullish volume =
weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HK33HKD historical level patternsHK stock market plunged and the HKTECH had dropped more than 10% today.
Let's look at the bigger time frame, and we see this huge harmonic patterns combinations.
It broke the B point of the historical bat since 2003, implying a potential entry near 10,888.
That's kinda terrible as there are still lots of rooms.
Long story short, there is no point to buy the dip at the current panic,
even if you are thinking of buying when others are fear, to wait at least the 0.618 spot.
Let's see how it goes yo!
HSI1! 2022 MAR 14 Week
HSI1! 2022 MAR 14 Week
With the break of 21000, next level to test will be
18XXX region.
Weekly: High volume down bar closing at low = weakness
Daily: High volume down bar closing at low = weakness
H4: Low vol down bar closing at low =
weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 MAR 07 Week
HSI1! 2022 MAR 07 Week
Lat week market broke 22389 support and headeed
to 2000's high volume region. Should 21000
support be broken, it may see 18000 region
Weekly: Ave vol down bar closing at low = weakness
Daily: Ave vol down bar closing at low = weakness
H4: Average vol down bar closing off low =
some demand
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 28 Week
HSI1! 2022 FEB 28 Week
Short preference last week proved very fruitful.
The spring over the last daily bar shows rejection
of lower prices and demand overcoming supply (D/S).
Scenarios:
1) Long on dip opportunity in the 22389-23000 region
as temporary strength returns
2) Should Support 22389 fail, short opportunity on test
of break down area to next demand region
Weekly: High volume down bar closing off low = strength
Daily: Average volume down bar closing at high = strength
H4: Average volume shakeout bar closing at high = strength
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 21 Week
HSI1! 2022 FEB 21 Week
Again at 24140 support
if this is a formation of a new zone 25244 - 23304, would
exoect market to test 23304
As such preference will be to short on retracement, and
also at the failure of 24140 support.
Weekly: Average volume down bar closing at low
(also appearing like reversal bars) = weakness
Daily: Average volume down bar closing on low = weakness
H4: No result from bullish volume = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 14 Week
HSI1! 2022 FEB 14 Week
Market tested again previous supply area.
- No higher high was made
- No commitment as market nears recent high.
Temporary weakness expected for long opportunity
on retracement.
Weekly: Average volume up bar closing off high = weakness
Daily: Average volume down bar closing on low = weakness
H4: Temporary weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 07 Week
HSI1! 2022 FEB 07 Week
Temporary weakness expected as market is resisted at 24600.
Preference is to long on retracement.
Weekly: Very Low Volume up bar closing near high = weakness
Daily: Very low volume up bar closing near high = weakness
H4: Temporary weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 JAN 24 Week
HSI1! 2022 JAN 24 Week
Last week scenario2 played out as price pull back
below 24391 to test supply before uptrend continuation.
Market may return to test breakout area
Long on pullback preferred.
Weekly: Average volume Up bar closing off high = Weakness
Daily: Average volume Upthrust bar = weakness.
H4: Price came down on reduced volume = No supply
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )