10th Dec 2022 One month ago, I did mention to check on the Nov candlestick whether did the price closed above 18k. Since Nov monthly candle closed above 18k, it is a good sign for HSI to recover and it closed near to my target of 20k last Friday. Next resistance: 22k/23k.
Hong Kong Stock Index (14 Nov 2022) HK index is in the pull back phase and I reckon it shall continue for quite some time. 18,000 is a good strong resistant but the pull back down shall be mild. The nearest strong support is 16,000 and it shall go higher and higher again. 19,000~20,000 will be the strong resistant region. Then, we will talk about what's...
Hang Seng Index rebound should have finished around 19500. Stochastic is overbought and the rebound is still below 60 week moving average which means the downtrend have not been changed. Property market, and the lack of factory order in China, should still hit Hong Kong economy Next year, most of the Economy will fall into recession, even Taiwan Central Bank is...
Comment : 1) TrendX+ indicator - wandering below red trend line, still mid-term downtrend 2) DDX+ indicator - Bull signal shows up, looking forward a short-term long position 3) MCDX+ indicator - weak banker bar (red) cross-up MA10 line, while retailer bar (turquoise) has occupy more than 50% Support & Resistance : R : Resistance line A S : Support line...
In the pass, I have been bearish for HSI for sometimes, at this moment, HSI might have some rebound before break below the supportive line aim at rebound targeting 18500-19500
Keep in mind this is a monthly chart, so we're looking at years and decades here. This ratio chart of the HANG SENG INDEX divided by SPY is warning of a coming rush by investors into the Chinese markets. The China C wave I posted about may be done (see post attached below). If this falling wedge breaks out we could see a monumental shift towards the Chinese...
Weekly Update Overview In the overview the following assets/regions are represented from left to right: Dollar Index , S&P 500 (USA), DAX (DE), Hangseng (China), Gold , BTC . The charts are presented as a weekly chart, thus the last candle visible presents the last week. The dollar has further collapsed and thus the indices had further air to the top....
TimeStamps: DOGE 0:18 SOXL 3:22 PYPL & DKNG 5:22 LTC 7:46 ETH 8:50 HSI 9:50 GOLD 12:00 PHUN 13:40 SLP 14:58 MSFT 16:14 NVDA 17:10 TSLA 18:00 AUDCAD 19:04 I say something like 17-6 in the beginning when I'm looking at DOGE. I meant to say 7.6 cents when referring to 7.6 cents being a smaller position entry area and 6 cents for a more sizeable one.
Hangseng looks bullish. There are 2 bull patterns just ended, so it looks about 40% up at least.
4th wave pullback(upside) is started in Hongkong index from 1st Nov'22 wait for correction until 14th of Nov, provided 15880 should be protected (SL) After B wave correction ,if limited to 15880 then buy a ticket after 15th Nov for your upward journey till Jan23
Watching the Hand Seng underlying index in coming sessions...could be a good selloff on the cards...price action looking weak and there is a lot of buyers that could be put under pressure to unwind long positions!!
12th Nov 2022 Monthly Chart HSI. Worth paying attention back on HSI after monthly chart showing bullish engulfing candle stick. However the month have not end yet. Continue to watchlist HSI and if price did not over the previous month low, a good support area is form. Bias on the upside to 20k.
HSI also went overbought on RSI with MFI divergence. Probably a dip tonight.
Hong Kong’s Hang Seng Index have backed to “square one”?.. As its price slightly below its 25 years level ( 2020 - 1997 ).. BUT chart tell me different stories as I trade what I see “first” then what I think “second”.. where my “thinking” possible have bias and prejudice. You probably see lot of “doom” comments from western media or “westerner educated”...
Beautiful price action. Looking for an upcoming reversal and target of top of structure.
Traders, I have been covering indices in depth latetly and what I see a common pattern is that US Indices has started to bounce back. US3 has been gaining for last 3 weeks or so, SnP500 is lower but gaining and NASDAQ is the only one which gained slowest. Hang Send Index (HSI) has reached 2008 levels but forming an M pattern. It is now inside an FCP zone which can...
In case you're wondering why everything is red, China tanked last night Oversold on every time frame, 3 hr, daily, and weekly but I ain;t touching this one.
Over the weekend, a lot of synchrony and less optimistic outlook was posted. So, here we take the opposing view and look for when the Hang Seng Index might bounce off what it finds as a bottom. From the weekly chart, it is very clear that the HSI has had two consecutive hard years, since 2021. An early January rally fizzled out and downdrafts take over for the...