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Hongkong

HONG KONG 50 BREAKS ABOVE THE RESISTANCE TRIANGLE LINEDuring the Asian trading session on Tuesday, Hong Kong 50 Index breaks above the resistance triangle line, beginning from June 21st. Yesterday the price impulse broke above the resistance line at level of $25800 and in the next few hours on a four-hour chart, tested the resistance line above and confirmed it as a support line. Tomorrow investors will observe with interest in which direction the price will continue to develop and whether it will return to the triangle. This has dismissed the bearish case, but it has not yet confirmed a bullis reversal. Market experts believe that a bullish reversal will be confirmed upon a break above the $26000 zone. This will confirm a forthcoming higher high on the 4-hour chart and may pave the way towards the $26680 zones, or the higher territory around $27740 and $28180. If neither area can halt the advance, we could experience extensions towards the $29357 hurdle, marked as resistance by the beginning of June. On the downside, a dip below $25600 is the move to assess whether the bears have gained the upper hand again. This would confirm a forthcoming lower low on both the 4-hour and daily chart and may open the path to test the $24726 zone again. If that area does not hold either, then the fall could extend to the $24000 territories. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
FOREXCOM:HK50
by legacyFXofficial
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
Hong Kong Tech Giant Tencent, is it time to buy? After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again? Tencent has not closed below the 40 MA on the monthly chart yet. The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term. Currently, the MA level to watch is 431. If we close below this moving average, it could be a strong sign that downside risk has increased again...
HKEX:700
by johninvest17
39
#BTCUPDATE - 16.7.21HOLDING ON WITH FINGERNAILS BTC support is hanging by a thread at the moment, losing $31.1k will very likely see a rapid fall to $30k. Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on $28k. This is a big indication of where the price is going - I do also believe we could be seeing a genuine bottom here. We are still moving into the GBTC unlock that will likely insight a sell off push below already weak support over the weekend. I am really not very bullish on BTC atm - and my current play is if losing $31k then shorting to $30k and then again to $28.3k. I am hedging longer term and setting buys at $30.1k and then again at $28.2k. Stay safe, stay positive and remember with all trading what goes down usually comes back up - we are nearing the end of this bleak cycle I feel.
by Kryptochristian
3
Hong Kong Stock Index (Ready for the another leg UP?)View On Hong Kong Stock Index (12 Mar 2021) We are seeing some strength coming back in the HK and it will use 28,000~28,750 as support region. Once the current resistant of 29400~29500 is broken, it shall rise a lot higher. 29,750~30,000 will be the next. Cheers. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKD
by SonicDeejay
Hang Seng Index - Supply & Demand AnalysisRecently Hang Seng Index reversed on a strong monthly Supply Zone finishing it's external bullish cycle The price decided make an external bearish cycle.. now it's advised to SELL at long term basis. Next destinations: A) DEMAND (26908.14 - 26021.63) Here price need to decide: if reverse in order to back to SUPPLY (32004.32 - 31126.20) OR BREAKOUT , retest and go to next DEMAND (23622.97 - 23204.17) B) DEMAND (23622.97 - 23204.17) Final external bearish cycle destination Enjoy the Profits!
TVC:HSIShort
by eldes