NinjaSingapore

Our Forecast of Hang Seng Index in the following week

TVC:HSI   Hang Seng Index
Hang Seng Index             has been in a near-term uptrend since the beginning of December 2017. The question is whether HSI             will close at 30000 by the end of next week. Please take note that the market will be closed for 25 & 26 December 2017 in observance of the Christmas Holiday.

HSI             made a recent high of 30,200 on 22 November 2017 and since then it went all the way down to 28135 on 7 December 2017. Investors like you may be wondering the price movement of HSI             in the following week. From a technical outlook, the index has a near-term upward directional bias since 7 December 2017.

Based on our forecast, if the bullish momentum continues, we could potentially see the index test the 29760 as the first level of resistance. If this level is clear, it is possible for HSI             to retest the 30000 psychological level, followed by 30200 which is the high on 22 December 2017. On the other hand, if this move is not sustainable and the index were to make a U-turn to the downside, we could potentially see the index test 29140 as our first target level, and if this level cannot provide the necessary support, the index could potentially be retraced to 28950.

Good trading
NinjaSingapore
23 December 2017

DISCLAIMER

Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.

Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance             on the information in our research materials.
Trade active: R1 (29760) was achieved on 28 Dec 2017. We are watching this index closely and see if R2 (30200) will be achieved potentially. Will update the chart.
Trade closed: target reached: R2 (30200) was hit today. Case study close. We will look for another opportunity on HSI.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out