While everyone is trying catch a bottom, the HSI Inverted Weekly Chart gives a bearish view on the Hang Seng Index.
The candles from the last three weeks are bearish:
1) A Reversal Red Candle
2) A Gap with Solid Long Red Candle
3) Green Candle with Long Wick
In the coming two weeks it may hit and test the weekly support line at around 25180.
Let's see how the...
As the coronavirus outbreak plaques the global markets, Chinese equities have posted an optimistic V-shaped recovery but we've yet to see similar bullish sentiments from the H-shares. With the market testing the critical 26000 support again over the past week, the price actions looks like buyers are struggling to defend the 26000 level. Times are critical as a...
A trend trading setup presents itself, and it has six signs of a potential bearish move.
1. The market is back to the sell zone.
2. Bearish Gartley setup within the sell zone(supply zone)
3. AB=CD pattern setup within the sell zone
4. Arrow showing selling opportunity and market check-back to the arrow
5. Candle consolidate on the top of the band
6. Crab Pattern...
View On Hong Kong Stock Index (3 March 2020)
We are in the rebound mode and it will likely take some time.
HSI is in the grind support region and it can climb up slowly. 26,800 shall be reachable, soon.
But I see the whole thing as a dead-cat bounce phenomenon.
Whatever method you use if you do not follow the proper rule of risk management, it will have...
Part 4 of the Bounce Zone series. $HSI! is trading at the bottom of a medium term wedge with SSR support. $HSI1! has been a relative out performer this past week. The HK government just passed a huge stimulus budget and Xi has it under control in China.
I fell like all of the bulls are celebrating a bit early because the market finished at the top for the day, futures are determined by global trading and I haven;t seen anything from the Asians or Euros that indicate that they are done selling.
Hang Seng testing support and DAX broke through....
This is why I'm suspecting a double bottom with a lower bottom like...
4 hours chart, it should run a week to 3 depends on the market.
wait 28400-28800 for it to fulfill the wave target
by the way, I'm not going to hold overnight over weekend. I don't like the uncertainty on weekend when trumps post a twist and HSI drops over a K points on monday.
Take a look at this 3 line charts - SHCOMP, CN50 and HSI respectively. When 1.2 trillion yuan were injected into the markets, the 3 indices did a V shaped recovery almost instantly!
Currently, SHCOMP is in the lead, followed closely by CN50 and HSI with a fairly strong pullback.
The whole world is now watching how China central government will react on its...
Shandong Gold Mining looking good for mid-long term buys especially with the coronavirus in the news.
As investors would seek to invest in safe-haven stocks.
Enter a position at breakout with volume and close above $20.80.
The Budweiser Brewing Company APAC Ltd (Budweiser APAC), whose portfolio of more than 50 beer brands includes Stella Artois and Corona.
Good chance of breaking out of this downtrend channel today or this week.
Worth adding to your watchlist.
hey guys,
be prepared to short Hang Seng on bearish breakout of a flag formation.
the trend is bearish,
we saw a fake breakout to the upside recently,
fundamental sentiment is vague!
don't miss this opportunity.
initial target is 25100
then apply trailing stop and try to catch a big winner!
good luck!
please, support the idea with like and comment!
thank you!
View On Hong Kong Stock Index (21 FEB 2020)
Did you read our Bullish call to 28K level previously? Well. It is done and dusted.
We are in a pullback phase and it is gaining momentum. I expect it can go down further first but Please be cautious as well.
26,700-27,000 region can act be as some strong support or sort.
Whatever method you use if you do not...
I am liking the health care stocks across the the markets due to the Corona Virus.
Here is a buy setup in Ping An Healthcare and Technology.
Looking good for a breakout, technical indictors are still bullish.
All moving averages are trending higher.
China Virus should be gone soon, with 4Hours chart reverse from monday, we should see new high with in next month or 2.
for those want to invest in China, buy A50, HKEX:2823 , or future in singapore exchange, SGX:CN1!
If you want to double your cap, go for 2823, if you want easy, then the future would be best
HSI has pushed through the 28200 barrier which is the two-year 38.2% and one year 61.8% barrier, but has now reached the confluence of two channels, both of which suggest resistance and a pullback. There is clear channel and earlier low support at 26700.
It’s not a great trade, but here is a good entry point, shorting 28400 (market). I have placed the stop at...
