Get started

Hang Seng HSI

Start of another mark up or Fake out?After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI . We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of re-accumulation range at 29500 and is poised to break above the swing top at 30336, possibly Tomorrow. If it is the start of another mark up then next stop might be around 31500-32000. I was wrong about a fake out the last time it break out of the range at 26500 and i can be wrong again but i have a strong feeling that a big selloff to at least 27500, possibly 25500 is coming before a multi month rally to new ATH . I will be looking for sell signals at 30350-550.
HKEX:HSI1!Short
by Dec0der
27
HSI1! 2021 FEB 15 Week HKEX:HSI1! HSI1! 2021 FEB 15 Week Weekly, Daily, Current TF = Shortening of thrust Last bar price advanced on weaker volume. If story were to repeat itself, per price action at resistance 1) short if next bar close below high of bar A 2) breaks current resistance, rejected and comes back into resistance, preferably below high of bar A 3) Immediate resistance comes into play and market comes down. If long, possible scenarios 1) long on dip, volume declines as price comes down, volume on advancing bars should be strong 2) immediate push up on reasonably strong volume with high of bar A acting as the immediate support. 3) if push up is on ultra high volume, wait for test and enter. Remember to Like and Follow if you find this useful. Have a safe and profitable trading week. GONG HEI FATT CHOI!
HKEX:HSI1!
by paradox677
HSI - Potential Bearish Engulfing on Weekly CloseIt is very crucial for the last trading day of January 2021. If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices. 1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened. 2. Being resisted twice by 2019 year high at 30,280. So, is the trend repeating? Is the market already top for the year of "BULL" (2021)? I hope not. However, the past performance is not always*(sometimes it does)* indicative of future results. Be cautious. Stay safe and Gong Hei Fat Choi! <3
TVC:HSI
by Inandouthunter
HSI1! 2021 Jan Week HKEX:HSI1! HSI1! 2021 Jan 25 Week Red Greed zones = preferred entry levels Grey box = price rotation If we look at the daily/weekly chart, the high is nearing 30336, previous resistance. Immediate price watch 29488, 29672 Resistant3 = 30336 (Previous high, supply area) Resistant2 = 30098 - 30143 Resistant1 = 29857 - 29905 Support1 = 29323 - 29362 Support2 = 28970 - 29000 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this useful. Have a safe and successful trading week ahead.
HKEX:HSI1!
by paradox677
1
HSI1! 2021 Jan 18 Week HKEX:HSI1! HSI1! 2021 Jan 18 Week Red Greed zones = preferred entry levels Grey box = price rotation Price rejection observed at 28675 - 28620 Price rotation observed (grey box) For a long trade the bottom of Bar A should not be broken. Intermediate support = 28313 - 28371 Resistant2 = 28970 - 29000 Resistant1 = 28620 - 28675 Support1 = 28168 - 28198 Support2 = 27757 - 27806 Support3 = 27402 - 27461 Trade Management Profit target can be 30% / 50% / till next zone Remember to Like and Follow if you find this helpful :) HKEX:HSI1!
HKEX:HSI1!
by paradox677
5
HSI1! 2021 Jan 06 Midweek Update HKEX:HSI1! HSI1! 2021 Jan 06 Midweek update Post Monday 4 Jan's observation Price if continues on an uptrend, I will look to buy if I see a Ultra High Volume wide spread down bar has formed, examples marked by red triangle. Remember to look for entry on a lower timeframe. Resistant3 = 28619 - 28755 Resistant2 = 28318 - 28379 Resistant1 = 27901 - 28012 Intermediate resistant = 27753 (price rejection from 2020 Feb 10) Support1 = 27325 - 27400 Support2 = 26854 - 26947 Click like or follow if you find this useful.
HKEX:HSI1!
by paradox677
2