The Hang Seng Index has been going through a constant change of ups and downs. Going into November, we are expecting the index to drop down to ideally 13 715 points and make its way up again. As long as it stays within the green area between 14 451 and 13 119 points, chances are high of the HSI going up to 18 772 by the end of this fall.
Traders, I have been covering indices in depth latetly and what I see a common pattern is that US Indices has started to bounce back. US3 has been gaining for last 3 weeks or so, SnP500 is lower but gaining and NASDAQ is the only one which gained slowest. Hang Send Index (HSI) has reached 2008 levels but forming an M pattern. It is now inside an FCP zone which can...
There are numerous headwinds to the Chinese economy and normally I would say the CCP would be able to manipulate the mechanisms needed to keep stability, but not this time. This time it is different due to conflicting policies and factors outside of their control. You have their 0 Cov policy which is causing widespread business disruption as the Chinese vaccine...
The Hang Seng absolutely melt down on Monday, most people explained the selloff as the disappointment in Xi and his royalists taking complete control of the CCP, or the market is disappointed because there is no lifting of COVID restrictions after the 20th party congress....IMO, both of these are or should be well expected, the people's daily actually published...
Short term view of Hangseng Index suggests cycle from 6.28.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.28.2022 high, wave ((i)) ended at 19469.11 and wave ((ii)) ended at 20185.15. Index then resumes lower in wave ((iii)) towards 16906.96 with internal subdivision as an impulse in lesser degree. Wave ((iv)) rally ended at...
Just a monthly range Maybe we have bottom, idk R:R isn't perfect but 2 isn't bad
HSI touching overbought on RSI, probably pulls back tonight. If you're still holding along position in PDD, I suggest dumping or at least locking in some profit. I'm already out.
Oversold and hit my target last night so bought some PDD calls this morning. Good earnings and positive news so you know that garbage is gonna go up fast, it always does. Already getting pumptarded, but I've seen PDD move $20 in a week, for example runup before last earnings. This is why I plot stuff though, hit the target almost on the dot.
Yeah no. Long term TL is being challenged and price is at important reisstance on the RSI, MACD and price support turned to resistance. Confirmation should come soon for the next leg down.
Hang Seng (HSI) broke and closed today above the 1D MA50 (blue trend-line) for the first time since February 2021. Despite the weakness since early April, the index hasn't yet broken or even come close to the March 16 low, indicating that we have a long-term Support. That is reasonable technically as that level (18250) is a 6 year Support formed by the February 12...
In China, authorities are holding an unprecedented national meeting by teleconference in a bid to boost the economy hit by Covid-19. Investors' concerns about tightening monetary policy seem to have eased. Hong Kong's Hang Seng Index led the strengthening of Asia-Pacific markets today. One of the driving factors was the soaring stock of Alibaba. Premier Li...
HSI almost overbought, so you know what that means.... PDD puts though the premiums are high due to earnings.
Globally gaining a large long position with a 15% stop behind loy
========================== ====== 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...
The world is focused on the US indexes which have recently broken down out of the uptrend. The question is now whether there is more downside to come which could turn into a major selloff after such a big Fed Fueled pandemic rally. I take a look at the price action and major levels of the Key Indexes. In the US - DOW, SP500 and Nasdaq Europe - DAX, FTSE and...
========================== ====== 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...
========================== ====== 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...
This version of God View includes Technical Indicators -GANN Fan -Fibonacci -Triple Confirmation Buy/Sell Indicator (Market Liberator - Money Flow Oscillator x WolfPack ID) -RSI Strong support at 18.4K as per both versions!