HSI1! 2021 Mar 29 Week Daily / H4 = bearish H1 = bullish Price came down to support last week Cognizant of the downtrend, prefer to short on test of high. Like and follow if you find this useful. Have a profitable trading week.
HKEX:HSI1! HSI1! 2021 Mar 22 Week Red/Green zone = preferred entry H4 = price rotation Daily / Weekly = bearish Levels unchanged. Ultra high buy volume came 1, but are these to distribute? Bar 2 sell doesn't yield result compared to previous down bars. So either we continue to see price rotation or there may be long opportunity. Remember to Like and Follow...
HSI1! 2021 Mar 15 Week Red/Green zone = preferred entry W = Bullish / D = bearish Last week' range bound within Bar1 1's low and Bar2's high provided some nice rotation play. Bar 3's upthrust was perfect for short. Not much has changed in the levels. Likely still rotation play or just maybe, we will see a breakout to the down side? Remember to Like and...
HSI1! 2021 Mar 08 Week Red/Green zone = preferred entry Grey zone = price rotation, entry opportunities on breakout of zone M / W/ D = bearish Demand was present at bar 1, however no evidence of change in trend since market is still making lower highs. Will prefer to keep on the short side. Remember to Like and Follow if you find this useful. Have a...
HSI1! 2021 Mar 01 Week Red/Green zone = preferred entry What a mighty down move from 22 Feb's alert on selling. On daily chart we see some buying, however note the low volume on buy, so let's watch on 01 Mar to see if more buy volume will come in to support. Otherwise we can see 28078-28168 as test of previous support Previous peak demand zone was at ...
HSI1! 2021 Feb 22 Week Red/Green zone = preferred entry Selling has come in at A. Would prefer to short if the highs are tested on lower volume, Target can 30% / 50% / bottom of channel. Have a good trading week ahead!
HKEX:HSI1! HSI1! 2021 FEB 15 Week Weekly, Daily, Current TF = Shortening of thrust Last bar price advanced on weaker volume. If story were to repeat itself, per price action at resistance 1) short if next bar close below high of bar A 2) breaks current resistance, rejected and comes back into resistance, preferably below high of bar A 3) Immediate...
Just want to log a model projection for the Hang Seng Index (HSI)... To the green ellipse and then to the red. HSI is very bullish, and would continue to be so, apparently in a multi-year fashion. Deep retracements provide opportunities, but we need to draw the lines and know when to take action. Meanwhile, just enjoy the ride... Asia it is, and Honk Kong may...
HKEX:HSI1! HSI1! 2021 FEB 08 WEEK 29273 if supported will indicate higher prices. Friday showed that there's supply present still as indicated by bar A closing off its high and subsequent bars closing very near to each other. Let's see if price can break out or more time is needed for the buildup Remember to Like and Follow if you find this useful. Have...
After rejecting the weekly resistance at 30,000 big number, the weekly timeframe printed a bearish engulfing candlestick that suggest a possible reversal is coming. Daily looks like just a pullback but with an aggressive decline. 4H timeframe formed a double top with bearish momentum divergence. If price pulled back in a corrective manner we could possible see...
HKEX:HSI1! HSI1! 2021 Feb 01 Week (Intraday) "58" in cantonese means "no prosperity". Coincidentally market went down from there lol Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold? Intermediate price levels = 27806 & 27548 Support 27108 - 17176 Remember to Like and Follow if you find this useful! Have a...
It is very crucial for the last trading day of January 2021. If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices. 1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened. 2. Being resisted twice by 2019 year high at...
HKEX:HSI1! HSI1! 2021 Jan 25 Week Red Greed zones = preferred entry levels Grey box = price rotation If we look at the daily/weekly chart, the high is nearing 30336, previous resistance. Immediate price watch 29488, 29672 Resistant3 = 30336 (Previous high, supply area) Resistant2 = 30098 - 30143 Resistant1 = 29857 - 29905 Support1 = 29323 -...
HKEX:HSI1! HSI1! 2021 Jan 18 Week Red Greed zones = preferred entry levels Grey box = price rotation Price rejection observed at 28675 - 28620 Price rotation observed (grey box) For a long trade the bottom of Bar A should not be broken. Intermediate support = 28313 - 28371 Resistant2 = 28970 - 29000 Resistant1 = 28620 - 28675 Support1 = 28168 -...
HS1! HSI1! 2021 Jan 11 Week Red/Green zones are preferred entry area. Intermediate 27753 resistance was broken through and has now become intermediate support. Though B sees a rejection, the volume isnt' as high as I'd like to see. The bar after it is a down bar on low volume. Notice also the price rotation zone marked out by the grey box. Let's see if...
HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 -...
HS1! Immediate resistance = 27324 - 27400 Immediate support = 26854 - 26947 A = Pushed through an old top 27077 on high volume B = Weakness is seen from the selling and closing near the low Watch Monday's close for indication from big boys. Trade management TP can be 30% / 50% of range or between the range.
HKEX:HSI1! HS1! 2020 Dec 14 Week Price remained in a range for the past week Not much change to S/R zones Being in the year end holiday mood, take it easy on trading or take a break Scenario - Short Short from Resistant 1 Short from Immediate Resistant Target 1 = 50% of range to Support1 Target 2 = Support1 Extended target = Support2 Support 2 = critical...