Will the TVC:HSI index rebound from current zone?
$HSI "Hang Seng" Is currently trading in an interesting zone that's worth watching. A breakdown will trigger a retest and a severe fall. However, I see an opportunity here for a decent rebound to 26k.
$HSI #HangSeng #Hk50 #HongKong #HongKong50
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Greetings, the HSI trend has reached a new low point 24424 in 2021 years at 17/09/2021. Then it rebounce back and end with 24920. It could be studied as the investors do not want to let the trend break through 24580 and there is a resistance line at there. The trade volume at 17/09/21 is more than any day trade in September. Will it be a chance to rebounce THIRD...
Weimob #2013 has 2 chances of bottom singal. Now it comes to trendline resistance, will continue break above or pull-back?
Let's keep monitor on the PLF indicator if Winner % rise to > 50, then would see the uptrend continues.
Happy trading :)
After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again?
Tencent has not closed below the 40 MA on the monthly chart yet.
The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term.
Currently, the MA level to watch is 431.
If we close below this moving...
The HSI is bearing the brunt of the China regulatory actions, as equites are being dumped. A second day down, slightly more than yesterday's magnitude, brings the technicals bearish and suggest more downside to follow until the next support.
Uptrending since January with strong support at the 20 EMA.
The most recent dip is collateral damage arising from the China tech crackdown, which has seen the tide lower across the HSI. This represents an opportunity.
Additionally, huge supply and demand factors in the global shipping industry at play right now.
I expect a bounce off 2.82 if not before that....
Breakout on Trend
EP: 18.95 - 19.72
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
Recently Hang Seng Index reversed on a strong monthly Supply Zone finishing it's external bullish cycle
The price decided make an external bearish cycle.. now it's advised to SELL at long term basis.
A) DEMAND (26908.14 - 26021.63)
Here price need to decide: if reverse in order to back to SUPPLY (32004.32 - 31126.20) OR BREAKOUT ,...
The study is based upon Volume Price Spread Analysis and Momentum
EP: 4.10- 3.93
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
Keep moving on the roof of the ascending channel. Since broke the long term down trend last Q4, HSCEI keeps strong. The next stop would be the down trend started from 2015. It is around 12800. Keep 100% Long position.
Sunny Optical 2382:HK has pulled back to hit its 10 day MA which it has historically respected.
It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half.
Greatwall Motors 2333:HK has been unstoppable since as early as last July.
It's made a pullback over the past month. It has bounced off support of 23.15, and has just broken through resistance of 25.50.
If it is to follow the current trajectory, there should be a quick 10% rebound in the coming days to next resistance at 28.30, with a medium-term TP of...
After a flood of southbound cash into the HK bourse yesterday, HKEX:2196 Fosun Pharma shot up to resistance level at 38.95 within four trading days. Probably a little too much excitement for this particular stock. This was not expected on my part, but very welcome. I took profit as soon as I saw that this resistance level held.
Based on these charts, I would wait...
HKEX:868 Xinyi Glass has formed a flag pattern in the past two weeks. This sits within an uptrending regression channel. It should rebound off $19.26, and then, if it breaks out of the short-term down channel (marked by the two red lines), and hits resistance level 20.64, I expect it to rocket up to~$23.50. Timeframe ~21 trading days.
HKEX:686 BJ Energy Intl has been uptrending since July, albeit spasmodically. It has become a bit more consistent since early November.
It just bounced off support (false break) level of 26.
If I was a gambling man, this will proceed up to $30, retrace to around $28.5 and then bounce again to $33. Timeframe ~10 days
RSI just hit 51. Good entry.