Hang Seng LongHang Seng at an important level. If we can get above the 236 shown here and hold the rally may continue. Next big resistance will be the weekly 200 MA. Trading ZCH Canadian ETF for this one, looks a bit different but follows closely. Longby tradersteve22Updated 0
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Testing the Support Level. One to Zero. FX:HKG33 Testing at strong support level at ¬20240 if it breached, the index is going to test 19753. Hi ya! How is everyone looking at Hang Seng Index and its performance last week? From the 1h chart with MACD movement, seems the mometum is weakening, both index and indicator are in bearish crossover. As mentioned in previous post, we prefer to see the index climbing up the staircase slow and steady which is more sustainable. Nonetheless, for shorter tf swing trade continue to short. Manage position size and the bearish mode expecting to continue at least for this week. Enter short position where tf 1m,5m,15m diverge and using JD line for confirmation of bearish momentum. As you can see from the D chart, the movement and the momentum has been declining and we can see the MACD and signal line is crossing down. You may check other shorter tf 12h - 30m at point of writing ; the index and indicator are below the zero level. With expectations of more stimulus from gov ; the investors still hesitate to take further position with the recent disappointment. Sell the news, buy the dip! This pull back is healthy. With longer tf W chart the index is on the uptrend, time is all we need. Continue to monitor and set SL for all position. Happy trading everyone! HShortby ChenQianYu0
China Stimulus As a Bullrun Trigger Fundamentals & Sentiment HK50: - Yesterday's news of 6 trlilion yuan stimulus USD: - Risks: pre-elections uncertainty, Middle East tensions, undervalued by market internals and CFTC. Technical & Other - Got in 5 minutes after the announcement during the US session; not the best entry technically Setup: Other Setup timeframe: 1h Trigger: 5m Medium-term: Up Long-term: Up Min target: Local highs Stop loss: 2.37% Position size: 1R Longby Cherry94Updated 0
Patience - don't chase the high price - 2800 TrackerfundI expect the pull back to continue this week and retrace to the yellow support level at 20210. No rush as this is going to be a slow bull run compared to the 2018 where it rally too fast and fizzle out just as fast.... I believe more monetary stimulus will be unveiled in the coming weeks/month and the 2025 Chinese New Year is an important timeline for the government to dish out good news - shore up their confidence to spend........Longby dchua19690
Conflict info on China Stimulus SizeMainstream media states huge stimulus was initiated by China recently, making it seem that their limits were hit, yet in comparison of data China has been conservative in past stimuli, leaving China with room for more if necessary. by SuperScholarXYZ0
After the smoke and fire settled down a little, still can buy ?For those who can understand Chinese and listen to the social media (live streaming, videos, shorts,etc) on Douyin or Weibo, you will be richly entertained. In this age of social media, it is scary how a content creator who has no background of investing or worse, does not invest in stocks himself and yet has the cloud and power to rally his followers to go "all-in" aka show hand in the China stock market. Instead of listening to all these entertainment , the chart is a much quieter place. All you need to do is watch and not attempt to pre-empt the market moves. On a bigger picture, we can already see there is a resistance at 22, 754 price level , having the price resisted twice previously. Therefore, if one has bought into this index , say 2800 Tracker fund , then you can expect some form of profit taking. So, if the intention of the CCP government is a slow bull and not to repeat the history of 2015 where it died down and crashed the dream of millions of punters/investors including institutional investors, then how they release the stimulus is KEY. There will be profit taking along the way, this slow bull trend. Local government is bleeding without land sales and with the property market is crippling, they do need fresh funds to pay salaries and keep the operation going. Therefore, they will be collecting money from the stock market from time to time, suppressing the much anticipated bull market that everyone has been eagerly awaiting. .... They cannot afford a parabolic move like 23 Sept when the QE measures was announced. The faster it rally, the faster it falls and that would not rekindle the consumers confidence. They would feel played out by their very own government and silent protest will not spend as the government wants so badly. So, it has to tame this wild bull ride up the market slowly.....and manage their meeting and announce the plans clearly without causing too much confusion to the market watchers. We have 2 months left for 2024 and China in a sense is running out of time to meet its GDP growth. For face value sake , they have to deliver what they set out to do. Those fund managers who are still sitting on the fence have to decide fast when balancing their portfolio at year end as well. They are pressured to answer to the investors who are paying annual management fees and seeing other funds with China inclusion performing better than their own. That is the dilemma that all concerned parties are facing. Everyone is walking on tightrope and need to keep the bigger goal in mind. As investors for the long term, we should not be FOMO-ing no matter how loud the party music is and be smart enough to study the fundamentally strong companies and buy them when undervalued........Predicting short term market moves seems exciting on a day by day basis but very few get it right , so stop wasting your time and invest in wiselyLongby dchua19691
Markets collapse: investors flee China!The Chinese stock market is experiencing a sharp decline following a strong rally in recent weeks. On October 8, the Hang Seng Index (#HSI on FreshForex) plummeted by 9.56%, reaching 20,893 points. The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, dropped even further — by 10.9%. The CSI 300 Index of mainland China, which started the day with an 11% gain, ended with a nearly 8% loss. The main reason for the drop is growing investor dissatisfaction with the lack of new economic stimulus measures from the Chinese government. Expectations were high, especially after the National Development and Reform Commission's press conference, where economic support was promised but no concrete actions were provided. This has heightened uncertainty in the market. What has been done previously: - In late September, the Chinese government announced plans to strengthen economic stimulus, promising fiscal injections and support for the real estate sector. - The People's Bank of China lowered reserve requirements for banks, freeing up 1 trillion yuan ($142 billion) for the market. - There are plans to lower mortgage rates and the down payment for second-home purchases to a record low of 15%. Bottom line: The market is waiting for action. Given the history of sharp declines in the Chinese market, such as in 2015 when the CSI 300 Index lost 40% in two months, the Chinese government cannot afford a similar outcome and may direct efforts to strengthen investor confidence. Since mid-September, #HSI has experienced a steady bullish trend, and our analysts believe these trends could repeat. Longby Fresh-Forexcast20042
Bear Market Continuation - 2444 days and countingChina remains weak, don't fall into the trap of longing here. The HSI has been in a downtrend (bear market) for almost 7 years. Given the ongoing property crisis, it would be very dangerous to go long here. I will not be buying the dip in the ongoing bear market, not until I am confident the low is in and the US elections are over. The time to buy the bounce was the breakout of the parallel channel but I have taken profits on my BABA and PDD trades - please refer to my chart on PDD which was an easy long trade. But now I am back on the sidelines remaining patient. It is very common to see a Flat correction with a powerful B wave and a weak C wave. This is essentially a Lower Low and a Lower High (Wave C). I think this move will be unwind over the coming weeks, particularly as we head into the elections. Both parties will be threatening stronger tariffs on China and once the elections are out of the way and the rhetoric dies down, it will be better to revisit the China equity trade from a long position. For now, I will continue to remain on the sidelines and anticipate continuation of the bear market. Not financial advise!by NoFOMO_9
Hang Seng Index 1 hour level wave countHang Seng Index 1-hour level wave count: A few days ago, I reminded you that there will be a blue fourth wave correction after the blue third wave. I wonder if you have caught this wave of shorts? Currently in the blue fourth wave correction, there are 2 types of waves counting yellow ABC and yellow WXY. You can go long near 20,000 and catch the blue fifth wave to rise.Longby qwekjc0
Accumulation phase within the larger distribution phaseThe Hang Seng index 15 min chart is looking at a accumulative rebound within the larger distributive phase. As the larger distributive phase is looking at an automatic rally rebound. Longby William-trading1
Hang Seng may rebound intraday, but likely short coveringThe HSI:HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle. Momentum on the mid term and long term remain intact, only the short term shows a peak and decline. Support is at 20,511 or 19,828. Long term target is at 27,000 by William-trading0
The goal is 23000Judging by the butterfly, by trend and by seasonality, golden times are now coming with a goal of 23,000Longby Tontine_Coffee_HouseUpdated 7727
Hang Seng Index (HSI) Drops Nearly 10% TodayHang Seng Index (HSI) Drops Nearly 10% Today As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet. According to Reuters, bearish sentiment was driven by uncertain statements from Chinese officials regarding economic stimulus measures. This has raised doubts in the stock market about Beijing's ability to steer the world’s second-largest economy out of its most severe downturn since the global pandemic, aiming to achieve 5% growth. Additionally, the decline may have been accelerated by a cascade of long position closures, which were opened in mid-September when the Hang Seng Index (Hong Kong 50 on FXOpen) was in an upward trend. Hang Seng Index Technical Analysis (Hong Kong 50 on FXOpen): → The upward trend (marked in blue) is still intact, although the price is now near the lower boundary, posing a real risk of a break. → The price failed to hold above the 22,700 level, which could act as future resistance. → Support may come from the psychological level of 20,000 points and the September 30 low near 20,630. It’s possible that the lower boundary of the blue channel and the support area between 20,000 and 20,630 could help bulls offset some of today's significant decline. However, for a sustainable continuation of the upward trend on the Hang Seng Index chart (Hong Kong 50 on FXOpen), the market will need clear evidence of economic stimulus from Chinese authorities. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen2233
HSI significant pull back! FX:HKG33 Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor. marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia time zone. The significant pull-back continues when market re-open here. It's 10% pull back this morning. Well, this is a good chance to look at for a better re-entry level. However, we should be cautious to avoid catching falling knives 🗡 what we see from the 1H chart MACD & KDJ both are on the downtrend level/bearish red zone. However, we can look at the support level at 21580. If the index stays above this level then the uptrend is still intact. Otherwise, we could expect a more significant pull-back (cross-check with longer tf chart 4H,8H). For shorter 1H tf swing trade check the 8H Chart for support/resistance level Find support level at 21500-21700 and resistance level 22000 -22300 It has been climbing too fast and taking a break now. Personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable. Happy trading everyone! A pull-back is healthy for taking a breather. H00:28by ChenQianYu0
China Stimulus ExuberanceFundamentals & Sentiment HK50: - Stimulus package - Home sales increased USD, HKD: - Risk: Strong NFP might put pressure on equities but it's quite ambiguous in the case of Chinese equities Technical & Other Risk: quite stretched Setup: TC(B) Setup timeframe: 4h Trigger: 1h Medium-term: Up Long-term: Up Min target: 24000 Stop loss: 1.52% Position size: 0.5R Longby Cherry94Updated 0
Too early to arrive at the party! Sharing my trading idea and experience for FX:HKG33 From previous post, the 1H chart has been bullish. I have taken the profit and thereafter trying to find re-entry position. However, without checking the shorter time frame 30m, 15m it turns bearish for the shorter time frame. Re-entered at 22500. As you can see from the chart. It's is a big Ouchhh! 😂 Well, was looking at the longer time frame of 4H chart & D chart showing the index continues to be bullish. (Question to myself: But on hindsight - isn't the longer tf chart based from the shorter tf movement?) Hmmmm.....well let's see. But this could cause the short position opportunities. Nonetheless, the party is there and I guess just have to wait little longer and hope it won't be too longer. This is going to eat into trading cost for the daily finance charge. :) Wish the party continue! (with the recent stimulus news and action) While waiting, let's zen with 📖 🍵 Good luck everyone!HLong00:36by ChenQianYuUpdated 0
Hang Seng topped, next buy zonesHang Seng has topped, after an incredible move-up. These are the next two target zones to buy the dip.by edgargargar2
Narrow Escape! Trust what you trust.FX:HKG33 Entered too early before the pullback. Has to hold over the trading closed day. Was intended to SL the positions if the downtrend continue. However, the market reopen with strong bullish volume. The short time frame (tf) turned uptrend and the index gap-up. However, the MACD + KDJ showing uptrend for 1H chart. Hence, decided to continued to hold the position. ∴ Continue bullish for HSI based on W chart and try to look at Long position for 1-3 weeks tf. This ain't a get-rich-quick scheme, folks. We're just here to chat, not make deals. Disclaimer: The information provided here is not a recommendation to buy or sell any particular financial instrument. Individual circumstances and risk tolerance should be considered when making investment choices." HLongby ChenQianYuUpdated 221
Is a Hang Seng Revival on the Horizon?The Hong Kong Index has faced challenging years since reaching its all-time high in 2018. The downtrend accelerated in 2021, bringing the index to a low of around 15,000. The subsequent reversal aligned neatly with horizontal resistance and the 50% Fibonacci retracement level, indicating that the bears were not finished yet. Indeed, 2023 also saw a continued downtrend. However, and this is crucial, the index did not make a new low. Instead, the decline halted at the strong 15,000 support level. In early 2024, a significant break above the falling trend line was observed at the end of April. The correction that followed confirmed the broken trend line, suggesting that this breakout is genuine and indicates a long-term shift in trend. September began with a higher low, followed by a powerful surge above the 20,000 level for the first time in over a year. This sequence of events suggests the potential beginning of a long-term bull trend, with the possibility of the index reclaiming the 23,000 level by 2025. For those looking to initiate a long-term buy position, there are two key levels to watch: 19,500, the former resistance level, and 18,500, which now serves as strong support. Editors' picksLongby Mihai_IacobUpdated 1010112
HK50 short ideas (short-term)HK has had a strong rebound. I hope traders are enjoying the profit or dividend payouts. However, the November month usually comes with bare movements (check the last 2-3 years). A retracement is also needed from the long downtrend breakout. Wait for your retracement confluences to enter. I suggest you take partial profit and add a sell position @22 600 and TP @20 190. I am expecting setup 1 but setup 2 is also probable. Remember to not over leverage your open positions and practice good risk management on this.Shortby Fumba225
Brothers, I am here again. Did the Hang Seng Index catch the thiThe Hang Seng Index’s daily chart level wave count: The Hang Seng Index’s daily chart level is currently white and the third wave is mainly rising. I have said this very early. I have posted my views several times before. Ten days ago, the blue third wave rose sharply after the last release. The current position may face a correction. After the correction, it is still a buying opportunity.by qwekjc2
HSI neutral or short: reached important price pointI have mentioned before that 22,788 is somehow an important price point for Hang Seng in my previous analysis of this index (not in tradingview, see check my profile for other source). Re-iterating: 1. it is the support and resistance for many points historically. 2. it is around the Fibonacci extension level of 2 separate wave extensions (see purple and green Fibo). Be safe. Keep your risk tight.Shortby yuchaosng331