lsking0425

HANG SENG INDEX trend at the begining of DEC (06 dec to 10 dec)

TVC:HSI   Hang Seng Index
==========================
====== DISCLAIMER ==========
=============================

This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the future might change anytime and everything won't go as what we predicted, so please accept this analysis as an entertainment, don't be serious about fail prediction or wrong concept and prediction. Thank you.

=========================
Analysis Start
=========================


Greetings, I think lot of people have bought on dips and sold on rallies this three days. Although it worth to take some risk to do some trade, but i still not recommend to hold a lot of stock at this moment.

Since the Omicron Virus has been found in 29 countries around the world, most of the investor still fear about it, therefore a lot of panic sold happened inthis week. But i believe that after the Covid-19 Pandemic, people will at least adapt to this situation within two weeks, before Christmas holiday.

And i have also shared a news for China,Hong Kong and America as below:
------------------------------------------------------------------------------------------------
Chinese technology stocks were weak, with Alibaba (09988) US stocks and Tencent (00700) ADR lower than Hong Kong's closing price. Ali closed at 122.6 yuan yesterday, a drop of 60% from the historical high of 317.14 yuan, and its market value has evaporated by more than 4 trillion yuan.

The recent decline in technology stocks was firstly related to the mainland’s ban on VIE’s overseas listing. Although the China Securities Regulatory Commission later denied it, it did not address market concerns. Then the US Securities Regulatory Commission (SEC) passed an amendment this morning to confirm implementation. The "Foreign Company Accountability Act (HFCAA)" passed in 2020, foreign companies listed in the United States may be delisted if they do not comply with the information disclosure requirements of the U.S. regulatory agencies.

In addition, China Aoyuan (03883) was required to repay the total principal amount of approximately US$651.2 million in financing, but failed to reach an agreement with the creditors, which caused further concerns about the default of domestic housing.
------------------------------------------------------------------------------------------------
Therefore, 06 Dec to 10 Dec will probably go sideway retracement for short period since the panic sell and profit taking still continue this week, and PROBABLY will continue until next week. A resistance around 23800, if only the trend and break through it and stand still next week, then the trend will have chance to rebounce until 24700, a second resistance for HSI .


=======================
Our suggestion to HSI
=======================


Might seek of chance to buy some dips, but if the trend break through 23300, should leave the market and observe it for a short period, because IF THE SELL PRESSURE IS STRONG, WILL PROBABLY USE BREAKING THE BOTTOM STRATEGIC TO SCARE OUT THE UNSTABLE RETAIL INVESTORS, IN ORDER TO CREATE A CHANCE TO RISE THE TREND.

The breaking bottom strategy will probably break until 23000 if it happened. But we predict it might oscillae around 23750 to 23300 for a while.


======================================
At last, all the prediction above IS MERELY AN OPNION, and probably won't go as we predicted, so please jsut accept all this prediction as a entertainment .

Hope all of you may gain more and more profit in Stock market, good luck
Comment: ==========================
====== DISCLAIMER ========
==========================

This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the future might change anytime and everything won't go as what we predicted, so please accept this analysis as an entertainment, don't be serious about fail prediction or wrong concept and prediction. Thank you.

=========================
Analysis Start (Bad English Warning)
=========================


08 June 2018 to 04 Jan 2019
28 June 2021 to 24 January 2022
----------------------------------------------
For the future trend, I found some intresting idea again, and i want to share with you all.

In Stock market, you may know a wisdom is that History always repeat

From 08 June 2018 to 04 Jan 2019, HSI market experience a down trend at least 210days, four down trend, and a head and shoulder trend at low place, then start a new uptrend.

If you compare to the HSI trend when start from 28 June 2021, you will find that two period of trend are almost same.

So, the clue is that, if the history will really happen repeatedly, it means that start from next week would probably has a small rebounce first. Then test the bottom resistance again, at least two time, then start a uptrend next year January 2022.

Well, I'm not a professional, so this is all i could share, i hope you may understand by yourself.

=======================
Our suggestion to HSI
=======================


At least the middle of December or before the end of December, the trend will prepare to start a uptrend in future IF THE HEAD AND SHOULDER APPEARS AGAIN,so we may expect the trend in future.

======================================
At last, all the prediction above IS MERELY AN OPNION, and probably won't go as we predicted, so please jsut accept all this prediction as a entertainment .

Hope all of you may gain more and more profit in Stock market, good luck
Comment:
Another references
Comment:
Comment:
Bottom of the market appear again, and fibonacci zone has gone into sideway retracement route. As we predict before, Might seek of chance to buy some dips, but if the trend break through 23300, should leave the market and observe it for a short period, because IF THE SELL PRESSURE IS STRONG, WILL PROBABLY USE BREAKING THE BOTTOM STRATEGIC TO SCARE OUT THE UNSTABLE RETAIL INVESTORS, IN ORDER TO CREATE A CHANCE TO RISE THE TREND.

The breaking bottom strategy will probably break until 23000 if it happened. But we predict it might oscillae around 23750 to 23300 for a while.
Comment: Emergency announcement
=========================

Hang Seng Index Futures now high goinh to 23623, if the trend keeps go up until morning, tomorrow will start rebounce for short period, please check the HSI futures tomorrow morning before 9.00am, and i will udate as soon as possible.
Comment: Suggestion for HSI market today (07/12)
==================================


Greetings, today HSI market has a good rebounce today. For the trend future, the first resistance will be at 24000, if break through successfully, the second challenge will be at 24700.

If the trend can stand above 10 MA successfully, HSI market will basically stable in short period.

Therefore, this week might be a SHORT-PERIOD REBOUNCE for challenging the 10 MA and 24700.
Comment: HSI FUTURES cloesd at 24075, today will has a bit profit taking and the trend will go down a bit, but will has a rebounce
Comment: Conclusion for HSI market today
============================


Today gap open above 24000, can be studied as TESTING THE 24000 RESISTANCE. And the market close at 23996, higher than closed price yesterday 23983. This situation can be studied as two direction : WASH OUT THE UNSTABLE CHIPS, and PREPARE FOR THE NEXT UPTREND RESISTANCE TEST.

If the trend does not fall under 23983,then the rebounce might be continue.
If the trend fall under 23983, and continue go to 23840, then the rebounce might end at any moment.

Keep in mind that, the trend now is facing two challenge : 10 MA and 24000, only once the trend can stand above this TWO targets successfully, then a nice rebounce can be expected

======================================
At last, all the prediction above IS MERELY AN OPNION, and probably won't go as we predicted, so please jsut accept all this prediction as a entertainment .

Hope all of you may gain more and more profit in Stock market, good luck
Comment:
Another idea for HSI, observe from MONTH TREND

So, if our Wave line does not draw wrong, we may expect that the down trend FIVE wave might has stopped on NOVEMBER 2021. If the expectation is correct, we may expext the trend in 2022 will PROBABLY reached 28000 to 29000 in future.

======================================
At last, all the prediction above IS MERELY AN OPNION, and probably won't go as we predicted, so please jsut accept all this prediction as a entertainment .

Hope all of you may gain more and more profit in Stock market, good luck
Comment: Also, today EVERGRANDE (3333) COMPANY has declared that they cant pay the debt in deadline, and has been stopped all their business and the share trading in HSI market today until the next announcement from the government.
Comment: Suggestion for HSI today 09/12/21
=================================

HSI night Future close at 24157,if the trend can stand above 24000 and 10 MA successfully, then the trend will look to the next target 24700.

Might has some profit taking happens again today but weak, still may expect a rebounce.
Comment:
Small clue for the tren

Only if the trend can stand above 24291, then tomorrow the trend will probably stop before 24500. However, to day is gap up open, if the trend break down the gap up point, then need to consider as short-term down trend retracement.
Comment: Two idea for HSI trend tomorrow

If tomorrow gap up go low, probably will be the last day rebounce of HSI. Next week will go a little downtrend PROBABLY

If the trend gap down go high tomorrow,then probably still has few day for the rebounce.
Comment: Suggestion for HSI today 10/12/21
=================================

HSI night Future close at 24099,today might be the last day of rebounce, and HSI is going a short period stock market correction until around 23800

Extra news from USA and China (Google translate)
-------------------------------------------------
U.S. stocks recovered before the announcement of CPI data on Friday, the market was worried about high inflation figures, the pace of tightening of the Reserve Board accelerated, bond prices fell, and bond yields rose, dragging down technology stocks. Hong Kong stock technology stocks ADR weakened simultaneously, Tencent and Meituan ADR low Hong Kong is more than 1%, and Ali is lower than 2%. Overnight fell 54 points.

It is worth noting that the impact on Chinese stocks after the RMB peaks in policy.
Comment:
The medium overbought signal appeared, but it is better that the trend can go a little bit up again before the short period correction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.