HSI1! 2021 Apr 19 Week (Intraday) Noticed that price weren't able to make its way past the midpoint of the channel. Is the market weakening? The support and resistance zone remains. No change to trade levels. 1) Use the range of previous ultra high volume bar as a guide for a immediate support/resistance. Clue: Ultra high volume, wide spread down bar is a...
HSI1! 2021 Apr 12 Week (Intraday) Bar 2 came down to test supply of Bar 1, and closed off its low. Price may come back down to test for supply again before moving up. Will wait for a reversal pattern, preferably at the supply line of the channel, to long. Or green/red zones cab be entry zones as well.
HKEX:HSI1! HSI1! 2021 Apr 05 Week (intraday) Daily = bearish | H4 = bullish / H1 = bullish Last week's short on test of high was only good for 29 Mar as resistance turned support, after which we had to recognize and adopt a long strategy. Demand has weakened, foreseeing the holiday. Strategy remains that green/red zones remain the preferred entry...
HSI1! 2021 Mar 29 Week Daily / H4 = bearish H1 = bullish Price came down to support last week Cognizant of the downtrend, prefer to short on test of high. Like and follow if you find this useful. Have a profitable trading week.
HKEX:HSI1! HSI1! 2021 Mar 22 Week Red/Green zone = preferred entry H4 = price rotation Daily / Weekly = bearish Levels unchanged. Ultra high buy volume came 1, but are these to distribute? Bar 2 sell doesn't yield result compared to previous down bars. So either we continue to see price rotation or there may be long opportunity. Remember to Like and Follow...
HSI1! 2021 Mar 15 Week Red/Green zone = preferred entry W = Bullish / D = bearish Last week' range bound within Bar1 1's low and Bar2's high provided some nice rotation play. Bar 3's upthrust was perfect for short. Not much has changed in the levels. Likely still rotation play or just maybe, we will see a breakout to the down side? Remember to Like and...
HSI1! 2021 Mar 08 Week Red/Green zone = preferred entry Grey zone = price rotation, entry opportunities on breakout of zone M / W/ D = bearish Demand was present at bar 1, however no evidence of change in trend since market is still making lower highs. Will prefer to keep on the short side. Remember to Like and Follow if you find this useful. Have a...
HSI1! 2021 Mar 01 Week Red/Green zone = preferred entry What a mighty down move from 22 Feb's alert on selling. On daily chart we see some buying, however note the low volume on buy, so let's watch on 01 Mar to see if more buy volume will come in to support. Otherwise we can see 28078-28168 as test of previous support Previous peak demand zone was at ...
HSI1! 2021 Feb 22 Week Red/Green zone = preferred entry Selling has come in at A. Would prefer to short if the highs are tested on lower volume, Target can 30% / 50% / bottom of channel. Have a good trading week ahead!
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...
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...
HKEX:HSI1! HSI1! 2021 FEB 08 WEEK 29273 if supported will indicate higher prices. Friday showed that there's supply present still as indicated by bar A closing off its high and subsequent bars closing very near to each other. Let's see if price can break out or more time is needed for the buildup Remember to Like and Follow if you find this useful. Have...
HKEX:HSI1! HSI1! 2021 Feb 01 Week (Intraday) "58" in cantonese means "no prosperity". Coincidentally market went down from there lol Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold? Intermediate price levels = 27806 & 27548 Support 27108 - 17176 Remember to Like and Follow if you find this useful! Have a...
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 -...
Buying Climax underway in HSI. Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
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 -...
Is it about to reverse or go bazooka? Trend is up and there hasn't been convincing distribution in approach to the current levels. Only things favouring a selloff from here is low volume and the red trendline. Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one. What do you think?