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Hang Seng HSI

[ Short ] Cathay PacificLiving in Hong Kong, I am seeing the protests re-emerge literally outside my flat. I do believe this will have a continued impact on tourism here in the S.A.R.; notably from Mainland Chinese. HK Tourism I believe the move which began on 8 OCT is a result of the "Phase 1 of the Trade Deal." ( same day as Trump started it ). While I believe greater "USA election related progress" will be made on that front, the protests are not stopping & have been / exp. to continue to have a direct impact on this particular equity. As of now, this ~3 month retracement represents a ~1.5 standard deviation from the mean looking back on the past 20 Yrs. Further relevant items below: Would love to hear any / all comments & suggestions; notably on the Target / Time Horizon albeit any / all would be appreciated. Cheers.
HKEX:293Short
by sobcza123
1
HSI Trend on Jan 2020The Hang Seng Index has been moving within an upward channel since Aug 2019, which is around 5 months time. Now it is at the top of the channel and is due for a correction. My guess for the correction would be at least to 27700. Then we would watch the level 27470, a critical level above the big gap up. If that gap is NOT filled, it would be bullish and the index may boost to 29500 level or higher. If filled, I guess it would go back to around 26500 level, which is the bottom of the channel.
TVC:HSIShort
by chchart
Short or Take Profit $HSI ahead of Hong Kong Retail Sales YoYI'm reducing risk and taking a few positions off the table on the HK Market. We have a great run in the last few weeks. Price is at the top of the channel and I cannot see much upside from here. 29,000 at max. On Friday, it is the Hong Kong Retail Sales YoY data, I am expecting it to be negative because of the Hong Kong Protest. Source - Trade Economic. Hong Kong Retail Sales YoY The volume of retail sales in Hong Kong tumbled 26.2 percent year-on-year in October 2019, following a downwardly revised 20.3 percent slump in the previous month. It was the largest annual decrease in retail trade since at least October 2005, after almost six months of violent anti-China protests. Sales declined mostly for jewellery, watches & clocks (-46.9 percent vs -44.3 percent in September); clothing & footwear (-34.2 percent vs -22.8 percent); department stores (-31.8 percent vs -25.9 percent); other consumer goods (-28.5 percent vs -19.7 percent) and food, alcoholic drinks and tobacco (-17.5 percent vs -19.5 percent). Year-to-date, retail sales shrank 10 percent compared to the same period a year ago. Retail Sales YoY in Hong Kong averaged 4.66 percent from 2005 until 2019, reaching an all time high of 30.60 percent in February of 2010 and a record low of -26.20 percent in October of 2019. 2020-01-03 08:30 AM Retail Sales YoY Nov Forecast- -23.5%
TVC:HSIShort
by johninvest17
1