HST - Big Symmetrical Triangle Potential Large symmetrical triangle encompassing entire price history
Massive break out potential
Bullish
HST
Bias bullish 04 June 2022
Chinese Tech Shares have been beaten down badly since the kick start of the tech regulation.
However, last week, couple of Chinese tech shares reported good earnings and with China border reopening may bring good news effect on it.
RSI showing bullish divergence.
Resistance: $0.90
Support: $0.64
Hang Seng Tech Index: Rectangle May Hint at Trend ResumptionThe Hang Seng Tech Index appears to be carving out a Rectangle chart pattern on the 4-hour setting.
The ceiling seems to be at 4883 with the floor at 4300.
Breaking above could open the door to extending the mid-March bounce, but that would place the focus on a long-term falling trendline from February 2021.
The latter may reorient the index lower. On the other hand, clearing the trendline could open the door to a material change in trend.
Breaking under the rectangle exposes the 23.6% Fibonacci retracement at 4044 before the March low comes into play at 3463.
HSI:HSTECH
4HR Bearish Head and ShouldersBearish Head and Shoulders Top pattern Completed on 4HR time frame at the end of an upwards move, signalling a reversal.
The Negative Neckline was then Broken @1.24540.
Pullback formed towards the neckline, this is a .618 retracement of Swing High to Swing Low of Neckline Breaking move, the golden mean.
Equal Measured Move is Lining up with 1.68 Extension of Pullback towards neckline.
Entry reason after a Doji, LLLC for 3rd Chance entry on 1HR.
First Targets at 1.272 extention of pullback as structure is present at this level (1.23000 level) and 2nd targets at 1.618 extension of Pull Back. (1.22180)
Stops Average true range (26 pips) above pullback.
Bullish divergence, Double bottom and fundemental good news On the 4 hour chart, $HST seems to have created a double bottom (Yellow Line), while showing a bullish divergence (Green Lines).
TA and fundamentals seem to be aligning, as Horizon State has released news today on a new big project in New Zealand ( more info found on their Reddit or Twitter ). Several more clients are hopefully to be announced in the following weeks.
HSTBTCLooking at HST on the daily.
* VPVR looking full
* OBV healthy
* Bullish divergence in histogram
* Willy stupidly over sold and in divergence
I will be playing this with a very tight stop loss due to the volatility in BTC
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HST Approaching Resistance, Potential Drop!HST is approaching our first resistance at 17.41 (horizontal pullback resistance, 23.6% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.69 (horizontal swing low support, 61.8% fiboancci extension, 76.4% fibonacci retracement).
RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price.
#Hshare #HST 4H chart and this looks like a bottom 2 meInteresting chart within the parameters I've been looking for at #Binance, I would mention the volume increase at what it looks like to be a Bottom / Floor. This is what I would like to see and I think it highly probable to see a price move like this...
