market has reached a big resistance level. Correction Alertwave v of wave 5 may have already finished
wave i s extended and wave iii s short. wave v could only be shorter than wave iii..
Correction about to happen
Hang Seng HSI
Possible short term top around 271xx-274xx area ?now in an extended wave 5. look out for possible top around the 271xx-274xx area
intersection of two long term resistance and a previous congested area,
extended wave 5 target projected from length of wave 0-wave 3 ( 1.618) also matches with such target
HSI - heading to fighting zone again.She heading to fighting zone again. Will monitor when price reached that zone.
Hang Seng putting in base for some July joy?!Hang Seng (HSI) which is heavily property weighted and led by some key stocks eg Tencent had one of its larger sell offs today, but looked to possibly put in a base around the key technical futures levels of around the 25000's /25500's. Bullish seasonality normally strong over July so a potential dip buying opportunity or part of a more major global weakness in the larger stock indices? Downside support levels at: 25000, then 24500's. Upsides: early to mid 27000's?
China Shenhua - Gapup Long Recovery towards 27 A stock that's moved 90% up from lows which is a 1.414 Fibonacci retracement on the monthly and a nice gapup on the weekly shows me this is a bullish recovery reversal. Although understandable that 19.46 will act as temporary resistance, the more this stays above 18, I will see a persistence for this to go as high as 23-27 in the next year or so :)
HSI Short Term Swing Short to 24,904-If 25,032 holds cover short.
-If 25,032 high probability that it will go back to 20EMA at 24,904
-Uptrend still intact, after covering short can look accumulate longs at 20EMA level.
Hong Kong Index (HSI) 31 Mar 17 *More BEARNice Bear move we had as we expected yesterday.
It should be a matter of time to close the gap of 23810.
Trade Safe,
s0nic
Hong Kong Index (HSI) 30 Mar 2017 *Signs of BearNice Swing Down From 24500.
I am seeing the possibility of gap closing.
I am standing with Bear.
Trade Safe,
Sonic
2017 Week #13 - HSI Bearish BiasShort term, we are seeing a potential short setup with the current potential completion of a flat structure
Hong Kong (HSI) Index (21 Mar 2017) *BULL but carefulIt is for sure that it is in runaway uptrend,
But we will need to be extra careful as usual as the move up of this week and late last week may be a stop hunt "spring" move.
Trade Safe,
s0nic
Hong Kong Index (HSI) 14/3/17 *Possible Short SpottedWe are seeing a possible Swing down set up coming up in HSI.
It will be in line with US FED fund rate.
Let see and Trade Safe,
s0nic
Hong Kong HSI Daily Update (15 Nov 2016)HSI is in Bear mode IMO, as US is about to come hard on China exports. (Remember Stocks are leading indicators)
I will be standing with BEAR for now.
Every Pull Up can be considered as opportunity to Shorts or add shorts.
Trade Safe,
S0nic
Hong Kong HSI Daily Update (8 Nov 2016)HSI failed to drop further and back to the channel (red parallel line),
It is likely to swing Upper lip of 23300 again.
I am Standing with BULL for now..
Of coz, result of US elections matter...
Trade Safe,
s0nic
