Hang Seng great convergenceThere ia a strong support trend line. I have just opened a new position in this chinese bug index. Good luck....!Longby iaorozcoPublished 0
HSI1! 2021 Sep 13 WeekHSI1! HSI1! 2021 Sep 13 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar close below 50% of bar = weakness and a third off the high = weakness. Daily: Price is attempting to test recent high in the red zone, nothing meaningful yet on daily chart. H3: Market moving up, but shortening of thrust. Effort no result = weakness Long will be at the channel's demand line or when price is marked down to test previous UHV wide spread bars. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: Have a sane trading week for Hang Seng : )by paradox677Published 2
HSI1! 2021 Sep 06 Week HSI1! HSI1! 2021 Sep 06 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar broke previous week's high but close below its high and a third off the high = weakness. Daily: Upthrust + weakness in the background = weakness H4: Upthrust and supply came in = Weakness has appeared. However no follow through on the UHV down bar at the moment, with 25748 acting as immediate support. Opportunity for short should price return to test the high. Long will be at the channel's demand line or when price is marked down to test previous UHV wide spread bars. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: Have a sane trading week for Hang Seng : )by paradox677Published 111
HSI MFI OversoldLooks like it gets a bounce Monday but Tuesday might be a down day. Remember Asia trades on Monday, so no play here. Staying out of Chinese ADRs over the weekend.by hungry_hippoPublished 112
HSI UpdateHSI hit overbought last night and rolled over. Also appeared to complete the 2 step corrective bounce. I'd stay away from Chinese ADRs unless you're shorting them. Big bounce this week, bound to be some profit taking on Friday.by hungry_hippoPublished 115
HSI1! 2021 Aug 30 Week HSI1! HSI1! 2021 Aug 30 Week Last week's long preference worked well. 24306 was a previous high demand area, will buyers come in to support should price reach there? Daily: No Demand tiny spread, background = lower high. Last 2nd and 3rd bar effort not result for the bears. H4: 20 - 25 Aug we see the highest bullish volume emerged on the background of this downtrend. Also a spring in the 24780 - 26900 range. Prefer to long on test of low. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: - 26900 - 26584 - 25955 - 25682 - 25330 - 24780 - 24306 Have a sane trading week for Hang Seng : )by paradox677Published 0
Buyers to move. Is the triangle almost complete?For the flows here, buyers are clearly in control and have been over multiple decades - although since 2016 we have been inside a compression range which looks set to blow later in 2022. Strong support comes into play at 23,500 which should be enough to cap the outflows before continuation in a bull market towards a measure 40,000 breakout target. ↳ To the downside sellers are itching to test 23,500 and it looks within reach. It is dangerous to step in till we complete the moves, because the eye of the law is on it. ↳ After 23,500 comes the slingshot attempt towards 40,000, which will likely be a Q222 story, as will also reinstate the secular bull market and allow gains in confidence to play an important part in capital migration from West to East. ↳ To sum up, there is the following zig zag in play; 25,000 (current levels) -> 23,500 (strong support) -> 40,000 (strong resistance) Of course on the fundamental side, the rocking of the cradle from the nanny state continues and we are entering into the final chapters of the handover. Naturally when choosing a map in equities you should take into account its elasticity with the currency and the threats it can deliver, highly recommend tracking the Chinese Yuan over the coming weeks and months for any signs of distress as we enter into strong support levels. Longby ridethepigUpdated 3311
HSI1! 2021 Aug 23 WeekHSI!! HSI1! 2021 Aug 23 Week Last week's long levels become short levels market did not even try to test the immediate high. Supply proved stronger. Market returned to test the UHV, and it looks like a spring has occured Weekly: Wide Spread sown bar closing off lows = Demand has come in. Daily: Wide spread down closing in middle, rejection of lower prices. Reduced bearish volume on the test. H4: Demand has come in to support the market. Bearish effort no result, reduced bearish volume on test of previous low. Prefer to long on test of low. Strategy for Short (Test and Reject): - 26900 - 26584 - 25814 Strategy for Long (Test and Support): - 25400 - 24780 - 24306 - 23870 Have a sane trading week for Hang Seng : )by paradox677Published 0
Hang Seng hung out to dryLost yesterday's support, looks to be headed for a double bottom, then probably a bounce. There could even be another leg down.... Overlay is just a possible scenario, sometimes it works, most times it's not perfect.by hungry_hippoUpdated 114
HSI1! 2021 Aug 16 WeekHSI1! HSI1! 2021 Aug 16 Week Gentle ascend, intermediate trend channel established. High probability short trade from the upthrust. Tested Historic UHV High from 27 Jul Weekly: Up bar close above middle (some strength, but supply still present) Daily: Strength coming in H4: Supply still present and Lower High Strategy for Short (Test and Reject): - 26900 - 26584 Strategy for Long (Test and Support): - 25815 - 25560 - 24743 - 24930 - 26340 (ultimate confirmation if there is acceptance at this price followed by strong bullish volume) Have a sane trading week for Hang Seng : )by paradox677Published 1
HSI MFI oversoldYou guys know I'm bearish on Chinese ADRs but time to give this one a break. Short when it gets overbought again, lolby hungry_hippoPublished 1
HSI & ESPLotted ES1! on the HSI1! chart. I've noticed recently that China no longer impacts US futures.... looks like the Chinese quit trading US futures back in the last week of June.by hungry_hippoUpdated 442
2021 Aug 09 Week HSI1! HSI1! HSI1! 2021 Aug 09 Week Last week's market: = No follow through in breakout - Weakness - Upthrust and returned to rotation zone = weakness - Yet to test the Historic UHV from 27 Jul - Market in 650pt rotation (grey box) Monthly = UHV wide spread down bar closing off low (Change in behavior takes time) Weekly = Potential demand, close on middle 26042 Daily: No result from Reversal1. Last bar closing off low, no sign of strength yet H4: Supply still present. (Weakness appears on Up bars) Immediate Resistance 26340 - 26483 Intermediate support 25560 - 25650 Strategy: 1) Price reaction off Red/Green Zones 2) Price reaction off boundary of rotation zone (grey box) by paradox677Published 0
HSI MFI OversoldHSI MFI just hit oversold on the 3 hr chart More whipsaw, lolby hungry_hippoPublished 111
HSI hit overboughthit overbought on RSI but there's a chance it goes for the gap fill. Might have to short Chinese ADRs Friday if it does.by hungry_hippoUpdated 112
Hang Seng Index Futures at Key Inflection Point, Top to Resume?After tumbling recently, Hang Seng Futures are back to retesting a former trendline from 2020 as new resistance. This is also around the often pivotal 61.8% Fibonacci retracement at 26078. The near-term 20- and 50-day Simple Moving Averages (SMAs) still offer a downside bias, potentially acting as key resistance in the event prices materially push higher. Otherwise, downtrend resumption entails clearing key support, which seems to be the 78.6% level at 24708, as the index flirts with bear market territory. HSI1!by QM_DubrovskyPublished 110
HK Hang Seng Index bearing the bruntThe HSI is bearing the brunt of the China regulatory actions, as equites are being dumped. A second day down, slightly more than yesterday's magnitude, brings the technicals bearish and suggest more downside to follow until the next support. HODL!by AuguraltraderPublished 1
HSI UpdateNot oversold yet, more room down on Monday. The way the govt keeps beating up the market, I would not consider going long. Just wait for the next short opportunityby hungry_hippoPublished 1
Hang Seng ready for a big bull run and catch up. The worst of fundamentals are over and fully discounted and act upon; riots, security law, China supposed disregard, enough time of selling by global managers. The truth of "cyclical" better fundamentals; lowest PE ratio, most attractive valuations for a most developed liquid market in Asia, China actually even more so will ensure it's version of one country two systems work. Like latest IPO, no restrictions on HK idea, the further integration with Pearl Delta positive effects will soon solidify, stability will bring prosperity & greater confidence (don't believe the great exodus hot propagated story, businessmen go where the money is, not politics ideology). The technicals are now ready. The daily charts have formed a nice base, and started moving up even in the midst of a few days of bearish moves in US Nasdaq & S&P. The underlyings for the 1st time in a long while points to Hang Seng out-performing. Study and get ready.Longby strategist59soonhockPublished 0
HSI OverboughtHmm. Overbought on the RSI into resistance? On the other hand China just cut the reserve requirements. Bearish at the moment but could see more upward movement. by MightAssTouchUpdated 0
HSI DailyDaily RSI went oversold so it got a bounce, but I think there's further downside because their own government keeps crushing various stocks. I don't think Xi gives a rat's ass about the stock market any more, obviously he's trying to squash billionaires. It's supposed to be a communist country, after all. Also, Xi WILL invade Taiwan while Biden is in office. He's made that a goal, and he's 68 so he knows he doesn't have a lot of time left to leave his legacy. If only there was a way to get inside info on WHEN, you'd make a killing with EWT puts. Maybe he does it to celebrate his 70th birthday in a couple of years, no real way to predict.... Anyways, see the highlighted peak, expect a similar whipsaw down.by hungry_hippoUpdated 334
HSI at the edge of the cliff HSI broke 28130 eL, if it can not recover this position at today's trade, then it may very likely sink forward Fib 0.382 @ 27347. Shortby melinjiaUpdated 0