The Hang Seng Index Has Risen by Over 13% in 2 Weeks
Analyzing the Hang Seng (Hong Kong 50 at FXOpen) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995.
According to Reuters, Goldman Sachs representatives noted in a client...
The Hang Seng Index Has Risen by Over 13% in 2 Weeks
Analyzing the Hang Seng (Hong Kong 50 at FXOpen) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995.
According to Reuters, Goldman Sachs representatives noted in a client...
The Asian indices got off to a strong start today. The Hang Seng Index (Ticker AT: HKIND) has broken out of the long-running downtrend channel in the direction of 9-month old price zones. Stocks returned to 15-month highs today as the Fed cut numbers may help or halt the market's evolution. Today we have as we said releases from the Vice Chairman and the President...
Based on the above daily chart, I am making a bold prediction that the HSI has bottomed in Jan 2024. We can see clearly the breakout from the daily chart. What's important is the support level at 16,194, a critical support level that must be maintained !
I will be slowly accumulating this index . Also, watching banks stocks and some tech stocks as well.
Please DYODD.
Our AI system detected that there is an ICT short setup in HK50 for scalping,
Please refer to the details Stop loss, Supply Zone(Sell Zone), TP 1 and TP2 for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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Based on the Daily chart, HSI has surged alot since end of April 2024, now we are going to check when is the next resistance, or further resistance.
Based on Fib i drew, until today, it hit R1, which was the support during Aug 2023.
Breaking R1, next resistance will be around 20240, this is a major resistance as it was the peak during Aug 2023, Jun 2023, May...
Hang Seng at an important level. If we can get above the 236 shown here and hold the rally may continue. Next big resistance will be the weekly 200 MA. Trading ZCH Canadian ETF for this one, looks a bit different but follows closely.
Fundamentals & Sentiment
HK50:
- China recovery, based on PMI and GDP QoQ
- The latest China Trade Balance printed decently above the previous one (although below consensus)
USD:
Yesterday's cooling US labor market, based on Initial Jobless Claims increase
Technical & Other
*Chose HK50 instead of ChinaA50 because of smoother price action; eventually HK turned...
That breakout from the bull flag is coming in HOT. 🔥 TVC:HSI
Bullish sentiment is heating up in the Hang Seng Index.
The confirmed breakout can push prices to our target mapped out in the charts
TVC:HSI $17,000 has been a big resistance. It is on the verge of breaking out. Once it move above 200 DMA, it could head to 18,500.
NYSE:BABA AMEX:KWEB 👀
Based on my previous monthly chart, the trend has bottom at the hidden lines, and now switching to weekly chart, the trends has hit upper resistance.
It may be a breakout for HSI to pursue further uptrend if it can maintain above the resistance line.
If referring to Daily chart, the price is almost hit MA200, further up will test resistance at 18100.
Since March 5, HK50 has been ranging between 16122 to 17101. This is mostly due to the lower volume of trade. Last week it looked like we might finally see a break thru between range; however, it still failed to close below 16122 level.
This week, overall, I am bearish for HK50. However, watch out for the first day of spike up to grab more liquidity. Once the...
Hello everyone,
The markets are slightly ruffled lately and there is an opportunity to short HS50 on Monday.
Trend:
W1: Up
D1: Down
H4: Down
Moving Average:
Below the Daily MA
H4 pointing downwards
Pattern:
Gartley on M15
Strong resistance at 16450.
Target is 16000
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.
