Potential Upside Target for HSI (April)HSI had a strong gap and breakout after the weekend.
The index is currently moving within the two sets of upward channels, we expect the trend to continue if it holds.
The Potential Upside Target for HSI would be 29700, 30000 and 30300.
We should see some kinds of retracement after reaching TP1 before advancing further.
Hang Seng HSI
The way 4 of the Hang Seng Index rally should ended at 28973In the last update back in Nov 2018, I have point out that the HSI is going to have a sharp rally and test at least 28000. the latest update is that the ultimate target or sweet point to short sell HSI is 28973. and we should look for at testing or 24000 and below. the stochastic now is in overbought, any sign of reversion in candlesticks pattern means the end of the rally.
HSI is possible to make a double top or new time high againHang Seng Index has rally back above 292000, the low of Previous Wave one low. according to the Elliott wave rule: W4 should not enter W1. it's happening right now. so we could consider the previous one is not a impulse leg for downside movement. if it's not a downside one, we should be looking for a wave 5 rally then. a wave 5 rally should be looking for test the 2017 previous high. 33484 or even a new high. of course we might also face a failing wave 5 which is just below 33484.
Last Friday we have a high volume day with 120b, with 1/4/2019 have a gap open above 29200, these are all bullish technical signal. Fundamentally, Bloomberg said that yuan-denominated government bonds and policy bank securities would be added to the US$54 trillion Bloomberg Barclays Global Aggregate Index from April and would be phased in over a 20-month period. When fully implemented, local currency Chinese bonds would be the fourth largest currency component in the index behind the US dollar, the euro and the Japanese yen, Bloomberg said.
also the China and US trade talk give a positive atmosphere, in Beijing talk, it's rumor that a official welcome dinner is replace by a working dinner. so both are working very hard on details of the deal. if the China America trade deal hit the market, it will fuel the rally too.
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 29180.1 (horizontal overlap resistance, 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 28370.7 (78.6% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 29180.1 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 28370.7 (78.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Shanghai Composite / S&P 500 ratio & The USDHKD PegUnsurprisingly, similar to the currency, the outperformance of the Chinese stock market vs. the S&P 500 falters when the Chinese currency can't be sustained. Not quite as direct of a relationship, but this clearly affects emerging markets, which are highly indebted to the dollar.
This is visible if you go back further as well - the broad rolling emerging market problems all occurred starting when the USDHKD peg was hit in April 2018. April 18th, 2018 was a pivotal day in that regard. Also, it's no surprise that EM currency problems are starting to suddenly become problematic once again....
Hong Kong Stock Index (Waiting for the new drama)View On Hong Kong Stock Index (HSI) (27 Mar 2019)
Similar to our DAX analysis. The global market rally has met some serious resistant region.
SO, we must say the strong trending period that we saw in last Jan may possibly over for now.
Adjust your expectation and get ready for boring periods.
HSI index shall play range bound with 27,680 and 29,000 regions. be safe.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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.
Proceed with CautionHSI closed in a strong support region.
Fourth wave expanded flat is the preferred count as the selloff seems to hv good momentum but caution is required. Under this count, HSI will make a new low below 28000 and then rally towards 30000. ALT. Triangle.
28600-29000 area has seen very heavy volume traded recently. Expect the prices to hover in and around this area for some time.
Selling rallies with SL 29280 is the plan for now. Will update if things change.
Hangseng correction. Expanded flat or a Triangle?Hangseng appears to be in wave iv correction with A and B waves both unfolding in 3 waves. Wave C is currently under way.
In case of an expanded flat, it will break below 28000. Target area is 27800-600.
In case of a Triangle, wave C should end around 28550-600 area.
Once completed, wave v should advance to 30000-30300 area.
HONG KONG Stock Index (Upside?)View On Hong Kong Stock Index (HSI) (13 Mar 2019)
It may use 28,000 regions as good support.
I still see potential upside for now.
It shall revisit 29,150 resistant again.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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.
Hong Kong Stock Index (Bears are in) View On Hong Kong Stock Index (HSI) (8 Mar 2019)
We had a good run and it had hit TP4 some time back.
We had a strong sell for the past 2 days and it shall continue to do so.
We are expecting it can slide down to 28,000 first. Be careful with the LONG side for now.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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.
Hong Kong Stock Index (The Bullish momentum has slowed)View On Hong Kong Stock Index (HSI) (5 Mar 2019)
We had a good run and it had hit TP4 some time back.
Recently we were in a sideway mood and yesterday candle was an interesting one.
It has a decent bearish tone in it and hints on the upcoming bear momentum.
We are expecting it can slide down to 28,360 FIRST as a quick slide down.
At the same time, do keep in mind that we are still in strong BULL trend in medium tend. (1 to 3 months time). So this sell/pull back idea can get back fired too.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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.
Hong Kong Stock Index (HSI) *+2,000 pts TP4 level is hitView On Hong Kong Stock Index ( HSI ) (23 Feb 2019)
We have been on the bullish side of Hong King index since early January and now HSI has hit the TP4 level.
Another tougher level will be 30,970. There will be up/down swing along the way but we are in the overall bull trend.
If there is any new development, we will inform you.
-------------
Our Analysis
-------------
LONG (entry is valid as long as the price is above 24,200)
SL 24,080
TP1 26,790 (Already Hit)
TP2 27,660 (Already Hit)
TP3 28,295 (Already Hit)
TP4 30,970
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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.
HSI approaching resistance, potential drop! HSI is approaching our first resistance at 29106 (50% fibonacci retracement, 161% fibonacci extension, horizontal overlap resistance) and a strong drop might occur pushing price down to our major support at 27240 (38.2% fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Hong Kong Stock Index (HSI) (Bulls are still in control)View On Hong Kong Stock Index (HSI) (19 Feb 2019)
We have been bullish on HSI since the last December and the market has been hitting our taking profit levels (TPs) one after another.
Go see our previous write-ups for more info.
As of now, 28,470 to 28,530 was acting as temp resistant regions for now and the PA is trying hard to break it up.
Sooner or later it should be able to break the barrier up to move toward 28,750 (TP4) region. Let's see.
There may be decent pullback along the way as well. So be prepared.
Let's see.
-------------
Our Analysis
-------------
LONG (entry is valid as long as the price is above 24,200)
SL 24,080
TP1 26,790 (Already Hit)
TP2 27,660 (Already Hit)
TP3 28,295 (Already Hit)
TP4 28,750
TP5 30,970
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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.
Hang Seng index approaching resistance, potential drop!Hang Seng index is approaching our first resistance at 29020.9 (horizontal overlap resistance, 61.8%& 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 26261.1 (61.8% Fibonacci retracement 100% Fibonacci extension )
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.