Hang Seng HSI
HSI has seen Stochastics resistance, near-term correction! HSI has seen Stochastics resistance, near-term correction is possible to our graphical pullback support and the 50% fib retracement.
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
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HSIRemember $HSI?
Did nothing since my last post 3 weeks ago.
Still Fascinating thought
👀
THE index to trade with price levels
Accumulation and Timing the Trades.For second week in a row, we sold on Thursday anticipating a selloff on Friday but both times it happened on Monday. We sold in good areas but timing was off by a day. I am not comfortable holding a trade over the weekend unless well in profit. It can be argued that trades should be given enough room and time. Valid point but Gaps are a common theme in HSI futures and i have seen gaps of up to 1000 points. I always insist on timing the trades because i personally like to time the quickest moves in the market and then spend majority of the time on the sidelines. Staying on the sidelines help me stay unbiased.
For market makers to accumulate, we retail traders have to sell. In order for us to sell, market has to look weak, indicators have to give sell signals, wave counts have to suggest 3rd of 3rd of 3rd. Up moves have to look laboured while the sharp moves are swift and so on.
HS1! 2020 Dec 07 WeekHS1!
Scenario - Short
Short from Resistant 1
Target 1 = 50% of range
Target 2 = 26680
Extended target = Support 1
Support 2 = critical support
Scenario - Long
Would prefer to long at support zone
Target 1 = 50% of range
Hang SengLooks to me like the Chinese were responsible for the EOD pump, HSI and KOSPI are both up .6%.
HSI has a long way to go until it hits 2018 peak, so don't be surprised if you see more random pumps like we had Tuesday. Also note that they love NQ, which is green right now while ES, RTY, and YM are all red. Asians love to pump tech.
Selloff ImminentExpecting HSI to top at 27100-250 area and make its way down within next few days.
26750-800 is the key support. Distribution as of now does not support a broader selloff.
If you are new, i update regularly throughout the week within this post as the action unfolds.
HSI bouncing from channel , more upside ! HSI bouncing from channel, more upside ! Stochastics is also showing hidden support level for price to bounce from!
HSI is seeing support from the trendline, more upside ! HSI is seeing support from the trendline, more upside !
Hong Kong Hang Seng Index New Target 27,000 $HSI We have broke 25 and 26k, next stop is the 200 ma (red line), channel resistance and psychological level of 27k.
Because of how fast we have run in the last couple of days, I do expect us to retrace back to the blue line and even the 50 ma (yellow line) at some stage. It is likely that we retrace back to the these levels before going to 27k.
Add some China to your portfolioRead this news here
USA has 30 trillion , ie . 3 times the market cap of China which shows that at the rate that China is growing, it has 3-5 times the potential of future growth.
HK has about 4 trillion right now and with the recent changes made to its policies and China's intervention, I believe for HK to double its market cap is possible in years to come.
Do compare the HangSeng Tech index ETF for the different expense ratios.
China has a lot to offer and its growth story remains one of excitement and mystery as it continues to open up its economy to the global stage.......
HSI almost overboughtAppears the Asians and EUros turned the algos back on we're back to the Mon/Tues/Wed pump and probably a down day Thu as everything gets overbought.
Not gonna chase the market tomorrow, will wait until Wed afternoon or Thu morning for a short opportunity.
Hong Kong Hang Seng index getting interesting again. $HSI Currently, we are still inside the descending channel pattern.
If we do breakout, 26k is the next resistance.
Hong Kong Stock Index (What happen to the Righteousness? )View On Hong Kong Stock Index (19 Oct 2020)
The demonstration in HK is over for now and it didn't have the outcome that some people want it to be.
So, the stability is back in HK for now and we shall see it's stock market trying to do some catch to their peer.
23K level shall be a decent and strong support for now, it can rise further on the UPside.
25k level shall be a decent TP.
Cheers.
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Hang Seng - poised touch 21914 markAll time support and resistance levels drawn. IMF projections also negative for next months. Most likely sell to 21914 before a proper rebound
HSI UpdateI guess I should have noticed this Friday.... Hang Seng futures actually went oversold.... explains the pump we're seeing.
RSI now overbought and it's quite the pump so not sure if we see any follow through Monday night. Will re-evaluate the situation tomorrow, but for now I'm long on AAPL.
