Hang Seng Index Short: BreakdownJust hours ago, I published a super bullish case for China and HK market that I quickly updated to be closed out due to stop. Now with the breakdown, the Hang Seng Index has turned super bearish. It's not what I want to see, but it is what it is.Shortby yuchaosng2
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12-18 months from now, HSI can hit 30,000, hahaThis is my prediction for 2025 where HSI still have room to rally..........The CCP is serious about shoring up their economy , already confident that they can hit the 5% target of GDP for 2024 and it's recent stimulus of 10 trillion. The two industries that I am banging on are the tech stocks - Meituan, Tencent, Alibaba, Baidu, etc or you can go for the HS TECH ETF , 3067 and if you like a broader index, the 2800 Tracker Fund ETF is also a good options with 3% dividend. The only downside is I think the property sector is struggling to find a bottom and there are lots of supplies issue that need to be taken care of. Time is needed to prop up this sector so I am not longing them for now, the timing is premature at this juncture. Nobody knows if Donald Trump victory will cause a dent in the HK/China stock market since he is blabbering about imposing the 60% tariff on Chinese imports. He is pro business so protecting the big boys in US but the tariffs if imposed will increase the costs to the end consumers in US. Somebody has to pay along the line, simple as that. China is doing all it can to spur up its domestic economy though the result has been quite disappointing at the moment. Let's see if the Singles Day event will help drive up the sales that is much needed in China. Already, we are seeing decreasing revenue sales from major US companies that derives 20-35% revenue from China - Apple, Starbucks, etc and the locals are going for more local brands as well. LVMH also recently reported bad sales figures for a few quarters ! We are now in the Phase 1 of the bull run in China and so long the stimulus is ongoing, the stock market will continue its rally. Any pullback of 10-15% is considered a good opportunity to accumulate/long. Please DYODDLongby dchua19691
A Glimpse of Optimism for Chinese StocksFundamentals & Sentiment HK50: - Swap program aimed at supporting the stock market - NBS PMIs Beat USD: - Risks: Upcoming Elections Technical & Other Setup: S(RTF) Setup timeframe: 1h Trigger: 15m Medium-term: Range Long-term: Up Min target: Local high Stop loss: 0.68% Position size: 0.5 of the normal Risk Unit Longby Cherry94Updated 112
HK50 - 3 Wave FailureI've been somewhat neutral on this index since the stimulus pump, but now I think the chart is bearish due to this 3 wave failure that I've drawn on the left. The failure is much more obvious on the day chart on the right with a whipsawing Shooting Star top. But on the 4 hour chart we can see the 3 waves. Notice that the 3rd wave completes with whipsaw to print a slightly higher high. If you've been paying attention, you'll have some awareness that this is a market maker favourite manoeuvre; to tap higher liquidity beyond resistance before tumbling down to complete the bull trap shakeout. Its not impossible that this correction could extend, but most likely this is the start of the next wave down. This is not the type of pattern I would expect to see if another wave up is coming. So I am now favouring this slumping into a downtrend for a while. On highest time frame this has a good chance to resolve bullish. As I covered in the video, this could be a high time frame 3 wave upside correction, that will correct to the 0.618 @ $18.7K, then into the real bull market. There's no guarantee that it will work out exactly like that, but in terms of ratio, I think it is the most likely path. So anyhow, I've entered a small short position here and I'll see how it develops but I am currently thinking to take profit around the 1:0.618 extension @ $19.1K. ... If correct then this will mean our Chinese stocks of interest will trend bearish for a while. And if you did take some profit on BABA at the 1.618 extension @ $117.8, you are in dreamland here. That is the power of these Phi related fib extensions; if you get them right then you end up selling exact tops or buying exact bottoms. Not adviceShortby dRends354
HSI Bearish Outlook with Potential Bounce at Key Support LevelHSI currently looks bearish, likely heading toward the significant support at 18,300 HKD—a level from which we historically saw a strong rally up to 30,400 HKD, aligning with the triangle pattern target. Upon reaching 18,300, there’s about a 90% chance of a bounce. A bearish divergence also signals potential short-term downside pressure before a possible reversal. Disclaimer: I'm not a financial advisor; please do your own research before making any investment decisions.by MarketPax2
RSI divergence HSI and trendiline from 90s.look at the chart ! evidence on divergence rsi/price, solid support for the next run! Longby TheAverageTrader2Updated 7
HK50 Day trade Day Trade for HL50 Know Yesterday high & yesterday low wait for its breakout direction then go 15M chart for entry 100% target profit from the yesterday high and lowShortby VikiSoh0
HSI Long: The Super Bull is hereThere are 3 things to see here: 1. An expanding triangle that is labeled as a corrective wave 2 in triple combination: W-X-Y-X-Z, 2. 2 right angle triangles, one at the top and one at the bottom. The top one is larger than the bottom one. This means that the support at the bottom is stronger than the resistance at the top. From here, it should be a super bull.Longby yuchaosngUpdated 0
five mathe u.s.a my set up on HK50hi guys i like to talking about this strategy call five mathe if you like to make more profit take time to look . if you like have more tell about 20:00by pescausa80
LONG HK50 in 15min Chart Consolidation in 2days (in H4 chart) and it breakout the consolidation box, so I zoom into 15MIn chart, to wait for pullback and entry my trade. Target price to be set with fibonnaci 100% based on the sideway box. Longby VikiSoh0
Hang Seng Bull Butterfly and ABCD monthly timeframeOn the monthly time frame, the Hang Seng has reversed from recent bear 5-0 harmonic which reached its target D point and a Bull butterfly harmonic pattern is now active. Typical target levels are indicated with fib measurements of the CD leg of the butterfly, with target 4 at 1.168 extension--40k anyone?Longby wormmaster20210
HSI Elliot-Wave and Indicator analysisIn my eyes the move to the upside is hard to analyze. But im pretty sure the Index established its bottom in Sep 22. The (w-x-y) stopped perfectly on the 0.887 Fib-Ext. RSI signals clear bottom and the MACD also showing trend reversal on the 2M. Longby PF_Analysis3
Summary of the week and a swing long position & locked profit FX:HKG33 Summary of the week for the index. 1h chart form a golden cross below zero line and happen that 4h chart had formed the same golden cross even though both are below zero line. I took a aggressive & several long position. TP at 20735 level at time was looking at the index trying to close the week gap. I did keep some position open hoping that the US trading time could continue to boost the index. But it seems it loose its steam and 4h chart not strong for MACD & Signal line breakout zero line. the Index closed at 20506.46 (still record a decline of 1.21% -250.70). Looking at the W chart it seems pulling back and let's continue to monitor if its prepare for the next climb. You may note that the W chart the MACD is above zero line still consider bullish but with weak lighter green histo. Jya. Let's zen during weekend with 🍵 & 📙 HLongby ChenQianYu0
Hang Seng might be waiting for earningsHK50’s volatility has calmed down somewhat in the last fortnight as the initial reaction to news of fiscal stimulus seemed to be too aggressive. Sentiment has worsened somewhat: traders are wary of competition in technology between China and the USA regardless who wins the upcoming presidential election while property-related shares have struggled with doubts about the efficacy of stimulus. Technically, though, this is a pretty normal reaction to major unexpected news, just over a significantly higher period. The Hang Seng has retraced about 50% from 7 October’s high and moved slightly into oversold based on the slow stochastic. It looks like a good entry for confident buyers but a more cautious trader might want to monitor the next interaction with the 50 SMA from Bands coming up in (probably) early-mid November. Next week sees the releases of many critical earnings reports from Chinese companies, most notably banks. Even those not listed in Hong Kong will likely have some impact on HK50. Thursday 31 October is probably the most important day for the next direction of the Hang Seng. This is my personal opinion which does not reflect the opinion of Exness. This is not a recommendation to trade.by Michael_Stark_Exness1
usa sp500 % value versus the chinese hang seng market compares % of the sp500 usa to the Hang seng chinese index i would buy china and sell the usa all day so you sell amazon and buy bababy cutlossking2
Another Bet On China OptimisimFundamentals & Sentiment HK50: - PBoC kicked off funding schemes and urged swift adoption of policies to support capital markets - PBoC Rate Cut USD: - Risks: geopolitics Technical & Other Setup: S(M) Setup timeframe: 1h Trigger: 5m Medium-term: Up Long-term: Up Min target: Local highs, harmonics Stop loss: 1.28% Position size: 0.5R Longby Cherry94Updated 3
stuck in the middle breakout or breakdown? FX:HKG33 Hi ya everyone here's to a week filled with optimistic, progress and hapiness - may the market treat us well! As you can see from previous post ; last week 1h chart that the MACD & KDJ movement that gave us some insights testing the support level. It has climbing up steadily. quite handsome! It didnt breakdown to 19753 level and staying above 20240 level. Last Friday HSI closed at 20804.11 (+725.01; +3.61%) ; however it still record a down 447.87 ; -2.11% for the week. As mentioned, a healthy pullbackis just the market catching its breath before the next big climb! This D chart showing the momentum has turn weak the MACD had a dead cross and the KDJ is at weak zone too. For today, we are looking at 20700, if it holds above this level then it could break 20900 and next resistance at 21395. May trade within the range of 20400 - 20600. For this week, the key support level at 20400 (the 52MA). Note : the last high was Jan'23 (closed at 22635); the recent high (closed at 23119) early this month Oct'24. Happy trading everyone! My take:- For today I'll watch and wait for a better entry point to avoid my previous mistake enter the party too early. No action is an action. while waiting let's zenning with 📙🍵 Hby ChenQianYu0
HK50 - 10/20/2024 - Descending channel on the 60min HK50 working in a descending channel on the 60min chart time. We are currently working the top of the channel and next strongest resistance at 20,940.00. Going beyond this price range, we can look for the region of 21,600 or even higher levels. On the other hand, we have the possibility that the price will continue within the channel and visit its support line, where it would be a very interesting buying zone.Longby t8tadeulopess1
The 4-hour level wave count of the Hang Seng Index remains unchaHang Seng Index 4-hour level wave count: Continuing the bullish blue fifth wave from No. 16.Longby qwekjc2
Time for China Long? $112bln in funding schemes brings clarityHang Seng sold off quite significantly (with oil) after PBOC's return from holiday gave a muddy picture on the funding schemes and degree of the stim package, making investors nervous and uncertainty. On friday, the market recovered 5% on the clarity of news items outlining different funding schemes. There is still some pessimism about the efficacy and ability of these funding schemes to lift the economy towards target growth, but there is a lot of optimism from the west, with funds like Scion (Michael Burry) moving capital into china betting on the funding bringing expansion and lifting the markets. This looks like a reasonable poinit to start to watch sunday night (china AM) to look fro a break of the down trend for the gap fill and beyond. Roughly my plan is to find the move towards fair value (21250) and take a bunch of profit, leaving float to swing. May not happen, there is uncertainty, but I'm betting at least that the stock buying news will bring more interest and lift the Chinese indices.Longby decklyndubs0
Hang Seng strikes backAfter a massive inflow of liquidity and initial breakout, Chinese stock market may recover from weekly lows, as the price indicates a solid reversal from the bottom and a breakout of a trendline of a correctional formation as shown in the chart. Overall sentiment in stock markets remains positive with the S&P500 and Nasdaq keeping around historical highs, and the VIX unable to cross 20 (an important threshold). The entry point is not perfect, as the breakout had already happened, but the price is still quite close to the weekly low, so risk/reward is on the side of a trader. Always do your own research and never forget to manage your risk! Longby Stanislav_Bernukhov_Exness110
Renewed Hopes And "Positive Uncertainty"Fundamentals & Sentiment HK50: - Expectations of some positive clarifications on the real estate briefing tomorrow - HK launched some measures to stimulate its economy USD: - Risks: rates expectations, geopolitical risks, Technical & Other Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Up Long-term: Up Min target: Local high Stop loss: 2.43% Position size: 0.85R Longby Cherry94Updated 111