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....
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...
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...
HS50 - 24h expiry - We look to Sell at 19635 (stop at 19901)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The medium term bias remains bearish.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is...
HS50 - 24h expiry - We look to Sell a break of 19635 (stop at 19860)
Selling posted in Asia.
Selling pressure dominated price action yesterday and we expect this to continue today.
Previous support located at 19635.
The medium term bias remains bearish.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 19635,...
HS50 - 24h expiry - We look to Sell at 21020 (stop at 21245)
Buying pressure from 20525 resulted in prices rejecting the dip.
The current move higher is expected to continue.
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 back lower.
Further...
HS50 - 24h expiry - We look to Buy at 20900 (stop at 20670)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Although the anticipated move higher is corrective, it does...
HS50 - 24h expiry - We look to Buy at 21810 (stop at 21635)
We are trading at oversold extremes.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Preferred trade is to buy on dips.
Our profit targets will be 22265 and 22590
Resistance: 22590 / 24770 / 27550
Support: 20870 / 19525 /...
HS50 - 24h expiry - We look to Buy at 21405 (stop at 21180)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be...
HS50 - 21h expiry - We look to Sell at 19475 (stop at 19795)
We are trading at overbought extremes. A Doji style candle has been posted from the high.
Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we...
HK50 - Intraday - We look to Sell at 19560 (stop at 19821)
We are trading at overbought extremes. A Doji style candle has been posted from the high. Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Further downside is expected although we prefer...
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 - 22h expiry - We look to Buy a break of 18465 (stop at 17985)
Buying pressure from 17703 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 18470.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 18465, which will confirm the bullish...
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...
HS50 - 22h expiry - We look to Sell at 16140 (stop at 16680)
Previous resistance located at 15836.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
We look to sell rallies.
Our profit targets will be 14600 and...
HS50 - 22h expiry - We look to Sell at 16695 (stop at 17020)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A Doji style candle has been posted from the high.
This is negative for sentiment and the downtrend has potential to return.
Further downside is expected although we prefer to sell into rallies...
HS50 - Intraday - We look to Sell at 18890 (stop at 19100)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back...
