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MHI1! trade ideas

Start of another mark up or Fake out?After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI . We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of re-accumulation range at 29500 and is poised to break above the swing top at 30336, possibly Tomorrow. If it is the start of another mark up then next stop might be around 31500-32000. I was wrong about a fake out the last time it break out of the range at 26500 and i can be wrong again but i have a strong feeling that a big selloff to at least 27500, possibly 25500 is coming before a multi month rally to new ATH . I will be looking for sell signals at 30350-550.
HKEX:HSI1!Short
by Dec0der
27
HSI1! 2021 FEB 15 Week HKEX:HSI1! HSI1! 2021 FEB 15 Week Weekly, Daily, Current TF = Shortening of thrust Last bar price advanced on weaker volume. If story were to repeat itself, per price action at resistance 1) short if next bar close below high of bar A 2) breaks current resistance, rejected and comes back into resistance, preferably below high of bar A 3) Immediate resistance comes into play and market comes down. If long, possible scenarios 1) long on dip, volume declines as price comes down, volume on advancing bars should be strong 2) immediate push up on reasonably strong volume with high of bar A acting as the immediate support. 3) if push up is on ultra high volume, wait for test and enter. Remember to Like and Follow if you find this useful. Have a safe and profitable trading week. GONG HEI FATT CHOI!
HKEX:HSI1!
by paradox677
HSI1! 2021 Jan Week HKEX:HSI1! HSI1! 2021 Jan 25 Week Red Greed zones = preferred entry levels Grey box = price rotation If we look at the daily/weekly chart, the high is nearing 30336, previous resistance. Immediate price watch 29488, 29672 Resistant3 = 30336 (Previous high, supply area) Resistant2 = 30098 - 30143 Resistant1 = 29857 - 29905 Support1 = 29323 - 29362 Support2 = 28970 - 29000 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this useful. Have a safe and successful trading week ahead.
HKEX:HSI1!
by paradox677
1
HSI - A breather for 'Longsters' a reprieve for 'Shortist' ?If today's Daily candle can close bearish ( strongly ), We may well see a retracement to 28550 at Fib38.2. The past 4 weeks have seen frenzied buying and many have hopped onto the momentous band-wagon. Quite a good time to buy back some of the liquidity at lower levels(best if prices drop fast and weak holders cut losses). So, if the market is not so bullish at that point (Fib38.2), we may see it move further to 28050 at Fib50 and momentum to 27560 at Fib61.8 (have to see how fast the market falls 1st). *Do not get me wrong, I'm still bullish overall but I do see trading opportunities in Shorting. Be cautious and set your SL as you are canoeing against the current, the moment you stop paddling, the strong currents will bring you quickly back to square-one. Conversely, wait to buy-in at the fib levels and follow the current. It's all about the type of trader you are! Good Luck!
HKEX:HSI1!Short
by Hungrypippo
HSI1! 2021 Jan 18 Week HKEX:HSI1! HSI1! 2021 Jan 18 Week Red Greed zones = preferred entry levels Grey box = price rotation Price rejection observed at 28675 - 28620 Price rotation observed (grey box) For a long trade the bottom of Bar A should not be broken. Intermediate support = 28313 - 28371 Resistant2 = 28970 - 29000 Resistant1 = 28620 - 28675 Support1 = 28168 - 28198 Support2 = 27757 - 27806 Support3 = 27402 - 27461 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this helpful :) HKEX:HSI1!
HKEX:HSI1!
by paradox677
5
HS1! 2021 Jan 11 Week HS1! HSI1! 2021 Jan 11 Week Red/Green zones are preferred entry area. Intermediate 27753 resistance was broken through and has now become intermediate support. Though B sees a rejection, the volume isnt' as high as I'd like to see. The bar after it is a down bar on low volume. Notice also the price rotation zone marked out by the grey box. Let's see if market is buidling up for higher prices or if this is topping over. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27958 - 28012 Intermediate support = 27780 - 27806 Support1 = 27645 - 27690 Support2 = 27400 - 27461 Support3 = 26854 - 26947
HKEX:HSI1!
by paradox677
HSI1! 2021 Jan 06 Midweek Update HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 - 28012 Intermediate resistant = 27753 (price rejection from 2020 Feb 10) Support1 = 27325 - 27400 Support2 = 26854 - 26947 Click like or follow if you find this useful.
HKEX:HSI1!
by paradox677
2