We stick to our primary assumption that the price should make another attempt to overcome the resistance at HK$6.77 and succeed this time. Finally, as part of the magenta wave (4), we expect the price to rise into our same colored Zone (between HK$8.44 and HK$9.19). Investors could open short positions within this range, with stops placed about 1% above the upper...
HS50 - 24h expiry
Selling posted in Asia.
Short term bias is bullish.
Price action looks to be forming a bottom.
Preferred trade is to buy on dips.
Weekly pivot is at 17348.
We look to Buy at 17350 (stop at 17190)
Our profit targets will be 17750 and 17850
Resistance: 17870 / 18600 / 19780
Support: 17285 / 16695 / 15860
Risk Disclaimer
The trade ideas...
HK33HKD - 24h expiration
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Trend line support is located at 16530.
Preferred trade is to buy on dips.
Trading within a Corrective Channel formation.
Risk/Reward would be poor to call a buy from current levels.
50 4hour EMA is at 16720....
Recent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound.
We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price...
HK33HKD - 24h expiry
Previous support level of 16014 broken.
This is negative for sentiment and the downtrend has potential to return.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to sell into rallies close to the 16015 level.
We look to Sell at 16015 (stop at 16195)
Our...
$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box)
Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could...
After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result,...
The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
HS50 - 24h expiry - We look to Sell at 18100 (stop at 18300)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
Hello, according to my analysis of HKES stock, there is a good buying opportunity as the stock broke the descending channel. With a breach of the strong resistance level at level 323, with a very positive green candle, which indicates a strong entry for buyers. Good luck everyone
Hi, according to my analysis of BAC stock. There is a good chance to buy. We notice that the stock started moving very positively. With the arrow exiting the triangle pattern. And breaking the resistance at 29.50. We also notice that a strong green candle is forming outside the pattern, which indicates the power of buyers. good luck for everbody
HS50 - 24h expiry - We look to Sell at 19213 (stop at 19373)
We look to trade the current range.
Trading has been mixed and volatile.
Bespoke resistance is located at 19200.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Our profit targets will be 18813 and 18733
Please be advised that the information presented on TradingView...
HS50 - 24h expiry - We look to Buy at 19220 (stop at 19060)
We are trading at overbought extremes.
A lower correction is expected.
Posted a Double Bottom formation.
Neckline support is 19217.
Further upside is expected although we prefer to set longs at our bespoke support levels at 19220, resulting in improved risk/reward.
Our profit targets will be 19620...
HS50 - 24h expiry - We look to Sell at 19220 (stop at 19405)
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19235.
This is negative for sentiment and the downtrend has potential to return.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to sell into rallies close to the...
HS50 - 24h expiry - We look to Buy at 19450 (stop at 19250)
We are trading at overbought extremes.
A lower correction is expected.
Short term bias has turned positive.
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 19430 level.
Our...
HS50 - 24h expiry - We look to Sell at 19469 (stop at 19619)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19458.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels...
HS50 - 24h expiry - We look to Sell at 19995 (stop at 20155)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The Ichimoku cloud and 200-day moving average provide further resistance and we look to set shorts in early trade to capture this selling opportunity.
The weekly pivot is at 20000.
The hourly chart...
