When momentum stocks are running a little too hot, it is always good to take a look at some value names. China Unicom is so cheap that I had to double check the figures to be sure: -> 0.47x P/B, c.-2x standard deviation -> c.7.9% forward real earning yields, -2x standard deviation -> EV/EBITDA of 1.5x , -2x standard deviation it pays a divy yield of 3% and...
Hang Seng Index (HSI) has started a rising wedge pattern since March 2020. It has just broken the wedge pattern last Friday, closing low than 24814. See if the breakdown is confirmed in the next 2 trading days. If it goes back to the wedge, look for a SHORT at 26050 level in October. The Risk / Reward Ratio is 1:5.6 Target: 21500 (Some main long term trend...
great opportunity on HANG SENG INDEX FUTURES
As i am getting a lot of questions, i decided to present the thought process of my recent analysis. I hv very little PC knowledge so i can't present analysis in a very professional way. If you have any question, i will be glad to help.
FUtures red because CHina dumped but it looks like they're going to bounce next week. Don't expect China to drop the market any further, in fact, they're usually good at pumping when their market goes up.
This is a prediction of HSI trend since 2018 using Wave Theory. It was a complicated A wave with 5 waves inside caused almost 2 years. A1 - Oct 2018 A2 - Apr 2019 A3 - Jul 2019 A4 - Jan 2020 A5 - Mar 2020 (the global pandemic concern) Rebound from A5, It completed a B wave in 4 months. BA - Apr 2020 BB - May 2020 BC - Jul 2020 Rapid rebound and completion of B...
Will we see an opening gap on Monday to the downside? It's all setup really nicely. If it does, i don't expect it to get filled anytime soon. Move down should accelerate from there onward. ATM, i see very little bullish case to support the idea of Gap or the parallel channel acting as a support for another rally. Resistance now at 24750-850.
The Hang Seng Index had a boosting rally a couple of weeks ago, but lost its hold at the top of the channel and had been working its way down slowly since. Unlike the STI, the HSI appears relatively stronger given the environment and situations it has been in, particularly over the past year and a half. It is a t the lower end of the channel, and candlesticks...
Hang Seng 15 minutes chart below shows that the index has extended lower from July 7 peak. The decline is unfolding as a double three Elliott Wave Structure. From July 7 high, wave W ended at 25570.36 low. The bounce in wave X ended at 26103.84 high. The pair then extended lower in wave Y, which ended at 24766.17 low. This completed wave (W) in larger degree. The...
Eventually going South so make sure to have SL in place if considering LONG.
Using confirmation for both the Fibonacci retracement level and inverse head & shoulder, the strategy is potentially robust enough to cover both bull and bear situation. Strategy: 1. if moving toward resistance 1 and breakthrough, can long targeting resistance 2 using support 1 as a potential stop-loss point. 2. if moving toward support 2 and breakthrough, can...
After the Buying Climax on 7th of July, brief distribution was carried out between 25950-26250. Today saw a gap down and a selloff to first of the 4 unfilled gaps below which is acting as a support for time being. Key resistance above now is 25850-950. Move down so far appears to be in a channel formation. Major chunk of distribution took place between...
Do you love money ? I think you and I do but the Chinese really loves money. Two things that really make them rich, I mean filthy rich in China. One is property and the other is the stock market. And they are risk takers though not necessarily prudent in managing risks. They do not hold back when they think or feel this is the time to go all in. Read article ...
Zigzagged with huge volume(see above) at the open, took out the stops above the very important level marked in Yesterday's post and has since been on the decline. We will know for sure in next few sessions but there is a good chance that Today marks the start of a significant decline which will take HSI to 20k and below if my analysis of distribution near the...
View On Hong Kong Stock Index (4 JUNE 2020) We had Extreme strong MOve UP on HSI and it was massive. So, after the Glory fade, it is normal for profit-taking to set in and it may pull back a little bit. We expect the pullback can go to as low as 25,500 regions but the overall bull move may still get pretty much sustained. So, please watch out 25,500 regions...