Let's start with contextual analysis first.
ADRs don't always follow HSI, see PDD. Might buy BILI if it hits oversold tomorrow.
Hello,Traders! HSI is trading below a strong horizontal resistance That was established 4 months ago And once the index retested the level We saw a nice bearish reaction Given the renewed lockdowns in some parts of China Together with the 2nd biggest port brought to a halt And the persistent news of the Radioactive leak In the Southern Provinces The...
Might hit resistance line though The other interesting thing is taht they're not pumping US futures much
Yay, we can resume shorting CHinese ADRs after tomorrow.
HSI hit oversold on both my 3 hr and daily charts, I doubt it gets too pumptarded because their government is keeping everything in check, but you figure a one week rally or so. That's why I'm not shorting Chinese ADRs today.
HSI is still overbought on MFI, I expect it to drop next week. China seems a day or two off from the rest of teh world. Grabbed some PDD puts on this morning rally.
HSI1! HSI1! 2021 June 21 Week (Intraday) Market has made lower high and we can now visualize a down channel. Intermittent support at 28441. Scenario: 1) Short opportunity if price returns to test 28751 - 28655 region 2) Wait for price reaction at red/green zone before taking position.
HSI broke above its downtrend line with positive momentum and positive flow. HSI is expected to trade towards 261.8% Fibo level at 27950-28000 level. A break below 26,500 level will falsify the analysis.
As always, to read in junction with my previous analysis with link above is advised.
HSI1! HSI1! 2021 June 14 Week (Intraday) Weekly, Daily = Bullish | H4 = TBC Past 7 days in rotation. rotation range zones trade levels remains. Bar 2 and 3 are weak. Red/Green zone = preferred entry
HSI1! HSI1! 2020 May 31 Week (Intraday) Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation Bar 1 = weakness, no result from effort Bar 2 = Upthrust = weakness Bar 3 = reversal = weakness Red/Green zone = preferred entry Immediate support = 28942 If price continues to peel away from the supply (upper line of the channel, means upward...
HSI1! 17 May 2021 Week (Intraday) Weekly = TBC | Daily = Bearish, H4 and below = Bullish Green zone target was reached last week, and market broke down and reach for the lower green zone. Market is still making lower highs and in a downtrend, so prefer to short on test of the below levels Scenario 1) Market may attempt to close gap 2) Short levels 28753 /...
HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand...
high probability for hsi to hit resistance as a target buy the market at the opening
HSI1! HSI1! 03 May 2021 Week Weekly = Bullish, Daily = Pending, H4 and below = Bearish Market was within the 29252 - 28440 range Market currently is oversold as it went below the channel at the moment. Market may attempt to return to the channel Scenario: Acceptance into channel price may try 29200 Rejection: the green zones may be the price...