HSI could retap the 61.8% fib support and bounce ! HSI could retap the 61.8% fib support and bounce !
Hang Seng HSI
HSI on support, hopefully it holds outwe are on support, lets hope it holds out. Take a look at all our charts below
HSI overboughtChina has been pumptarded lately, waaay overbought.
Expecting China to go down and EUrope to go up. More whipsaw, staying out for the day since I made money on open.
HSI update on 20210217HSI gained on the first trading day of the Year of the Ox, overcame the year high of 2019. Heading to 33484, the year high of 2018, would be the only way out. HSI is strong. It broke the long term down trend in the end of 2020, and broke the ascending channel in January 2021 successively. All moving averages are bullish. Keep 100% long.
Start of another mark up or Fake out?After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI .
We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of re-accumulation range at 29500 and is poised to break above the swing top at 30336, possibly Tomorrow.
If it is the start of another mark up then next stop might be around 31500-32000.
I was wrong about a fake out the last time it break out of the range at 26500 and i can be wrong again but i have a strong feeling that a big selloff to at least 27500, possibly 25500 is coming before a multi month rally to new ATH .
I will be looking for sell signals at 30350-550.
See if HSI can climb up and hold up into the range of top Expected to open high tomorrow (15 Feb)
If HSI is able to close in the range, chance is there for record high.
Resistance level highlighted for reference.
HSI1! 2021 FEB 15 Week
HKEX:HSI1!
HSI1! 2021 FEB 15 Week
Weekly, Daily, Current TF = Shortening of thrust
Last bar price advanced on weaker volume.
If story were to repeat itself, per price action at resistance
1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate resistance comes into play and market comes down.
If long, possible scenarios
1) long on dip, volume declines as price comes down,
volume on advancing bars should be strong
2) immediate push up on reasonably strong volume with high of bar A
acting as the immediate support.
3) if push up is on ultra high volume, wait for test and enter.
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
GONG HEI FATT CHOI!
Hand Seng Index Projection for 2021Just want to log a model projection for the Hang Seng Index (HSI)...
To the green ellipse and then to the red.
HSI is very bullish, and would continue to be so, apparently in a multi-year fashion.
Deep retracements provide opportunities, but we need to draw the lines and know when to take action.
Meanwhile, just enjoy the ride... Asia it is, and Honk Kong may just be it!
HSI update on 20210208, BullishUptrend, first target 30277 , the previous high and the high at 2019. All moving averages are in bullish. Since the breakthrough of the long term down trend Q4 last year, the situation has improved a lot.
HSI1! 2021 Feb 01 Week
HKEX:HSI1!
HSI1! 2021 Feb 01 Week (Intraday)
"58" in cantonese means "no prosperity".
Coincidentally market went down from there lol
Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold?
Intermediate price levels = 27806 & 27548
Support 27108 - 17176
Remember to Like and Follow if you find this useful!
Have a safe and profitable trading week ahead
HSI tapped the EMA 50 and double tweezer pattern formed HSI tapped the EMA 50 and double tweezer pattern formed. Potential for a bounce at 38% fib retracement key support here !
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
HSI, chinese new year effect comingGet ready to enter
some where here might be a good entry. wait for reversal and set ur stop loss.
HSI on the pullback, could push back to the trendline ! HSI on the pullback, could push back to the trendline ! Stochastics also supports a further sell off!
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.
Buying ClimaxBuying Climax underway in HSI.
Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
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!
Reach the top of the ascending channelAfter the breakthrough on two weeks before, HSI is heading to the top of the ascending channel, it doesn’t mean try to short, like, just short call to make a cover call strategy or wait for some pull back for a long chance
