HSI took off like a rocket...confirmed bullish24/02/2025
HSI took off like a rocketโฆ then remembered it forgot its wallet and came back for a quick retrace!" ๐๐
Next target : 24385
HSI 1W Chart
Look at that! ignore the news, the movement and volume
finance.yahoo.com
Goldencross for the week of 3Feb2025 - with trading volume jumped from 3.69bn to 15.12bn.
And the subsequent week volume keeping at >20bn level (for the week of 10Feb & 17Feb)
Let's monitor if this week keeping the same level of volume for the 3rd week.
finance.yahoo.com
we noticed the trading volume increased from 4.42Bn to 6.1673bn last Friday 21Feb25
www.tradingview.com
** The Hang Seng Composite Index on information technology firms and the Hang Seng Tech Index slip 0.5% and 0.1% respectively, while Hang Seng Index adds 0.4%
** Stock up 76.9% YTD
HSI:HSI
The last Oct Hi @ 23241 has been broken today!
MACD, KDJ and BB remained at bullish zone.
Key support level: 22990,22668,22446
Key resistance level : 23675,24167,24385
Look at the 1h chart - posted
PEPPERSTONE:HK50
Today Trade Plan:
Buy into support : 23300-23500
Sell at resistance : 23650-23700 (TP:23630)
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with ๐ and ๐ต.
Happy Trading everyone!
Reminder : start to accumulate China & HKG for the potential upside for the year! Today retracement is a good entry point.
HKEX:2800 HKEX:2823 HKEX:2801 HKEX:3067
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