HSI - 11 Oct. 2016 - Weekly Update
Index has dropped suddenly after open high this morning at 24064, a little higher than previous week at 24000 top level, very clearly, market in HK is rejection this level, but elites again will act differently, there could still be chances that Index might push up one more time during US open hours. So those that has started...
HSI - 11 Oct. 2016 - Weekly Update
Index has dropped suddenly after open high this morning at 24064, a little higher than previous week at 24000 top level, very clearly, market in HK is rejection this level, but elites again will act differently, there could still be chances that Index might push up one more time during US open hours. So those that has started...
Last week we saw price move higher after a test of the previous structure. As long as price does not break below 23030 level, our bias remains bullish to the upside, targeting the previous high area at 24355.
HSI - Buy at the break out of this correction
This is one hour chart to following the forecast of this month.
Index has climb above the resist zone which the zone is now become the support zone for the upper side. index much not break through downward, if the climb is to be continues. so be alert at this support zone in the coming days.
The climb towards the...
HSI - Buy at the break out of this correction
This is one hour chart to following the forecast of this month.
Index has climb above the resist zone which the zone is now become the support zone for the upper side. index much not break through downward, if the climb is to be continues. so be alert at this support zone in the coming days.
The climb towards the...
As analysed, price retraced back to the demand zone between 23031 and 23344 last week. As long as price does not break below 23030 level, our bias remains bullish to the upside, targeting the previous high area at 24355.
HSI - Direction Forecast with S/R Zones
After last month 500 points up and down daily shake off Phase, Index has now come to the final phase of Elites' top level sell off phase, this month, we should see strong buys towards the resist zones, index will climb strongly towards it almost with no retreat, another 1200 points or more towards the level of 24000, it...
HSI - Direction Forecast with S/R Zones
After last month 500 points up and down daily shake off Phase, Index has now come to the final phase of Elites' top level sell off phase, this month, we should see strong buys towards the resist zones, index will climb strongly towards it almost with no retreat, another 1200 points or more towards the level of 24000, it...
07 Sept. 2016
Hang Senf Index - 4 Hour Chart
Index is now reach a resist level, but buying is strong, expect index to continues the up trend after a correction to the support levels.
The STRONG Resist Zone is where I expect a nice sell back down to the support zone below in this chart, once index manage to climb and reach it, may be in mid. Oct. so watch out...
When the smart money leave from the stock market, the safe haven will be popular. The stock and the safe-haven are inverse, we can see the money-flow through this chart, just like 2008.
I believe that the smart money always goes ahead.
If the recent developments in the markets hold and fear dissipates, I think a play on Hang Seng index would be terrific opportunity. To be sure, I am still expecting a slight pull back to around 18500.
This index is peculiar in the sense it has some good correlation with China but is not as violent as CSI index.
For someone with high risk appetite, this should...
Perhaps China is nearing a bottom, at least in the near-term. Could synergize well if oil also begins a real bounce out of the descending channel from last Summer.
Those who follow me know my opinion for 2016 is not exactly bullish,
but for the purposes of having fun trading, here is a short term set up.
IF CHINA FINISHES UP OVERNIGHT AND TOMORROWS ECON REPORTS ARE GOOD.
China, as of writing appears to be up over night.
We finished today with a long legged doji.
People will get greedy and buy on lows.
Happy trading, cheers.
A potential level to watch should price decide to fall lower.
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The Hang Seng Index (HSI) Daily Diagram Technical Analysis Training shows the following:
The HSI index has declined more and now is under the KUMO and EMA200 too. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that HSI will test the 22120 support.
There is no special candlestick pattern. The index is under the Tenkan Sen and...
With the two day holiday in Hong Kong starting tomorrow the white collar sect of Hong Kong will be joining the demonstrations condemning Xi Jinpings proposal to screen candidates for the 2017 leadership election. I am looking at the index heading back towards the lows of May with the 0.236 fib level likely to act as the next support.
![HSI: HSI [10th - 14th Oct]](https://s3.tradingview.com/1/1BM1VFHP_mid.png "HSI [10th - 14th Oct]")
![HSI: HSI [3rd - 7th October]](https://s3.tradingview.com/x/xAgjtswv_mid.png "HSI [3rd - 7th October]")
