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Hangsengindex

HSI hit a 10-year high on 15 Jan 2018 but what's next?Hang Seng Index (HSI) has hit a 10-year high today at 31733 but eventually closed in a bearish candle at 31338. The index has been going up and up since the beginning of 2018 and finally it turned into a semi-long bearish candle. Investors like you may be wondering the index will resume its uptrend since the recent low of 28134 on 7 December 2018. From a technical outlook, this index remains in an upward bias. Based on our forecast, however, we will be watching for retracement at two key levels - the first one will be at 31360 and if this level does not provide the necessary support, the next level will be 30000 which is also the psychological level of this index. We will monitor these levels closely and see whether the index will potentially resume its move to the upside. Good trading NinjaSingapore 15 Jan 2018 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.
TVC:HSI
by NinjaSingapore
Our Forecast of Hang Seng Index in the following weekHang 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.
TVC:HSI
by NinjaSingapore