Traders may consider trading the HK50 (Hang Seng Index) in the long (buy) direction for several reasons:
Bullish Market Sentiment: If there is a prevailing bullish sentiment in the global or regional economy, it can positively impact the HK50. A long position aligns with the expectation that the index will rise, potentially resulting in profits.
Strong...
HS50 - 22h expiry - We look to Buy at 17450 (stop at 17115)
Buying pressure from 17289 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips...
HS50 - 21h expiry - We look to Buy at 16461 (stop at 16249)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 16400 level.
Our profit...
