Fundamentals & Sentiment
China:
- General recovery narrative backed by improving data (PMIs) for the last couple of months
- Latest bigger than the previous Balance of Trade
USD:
- Bearish sentiment
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Uptrend
Long-term: Uptrend
Min target: 20000
Risk: 1.2%
Entry: Buy stop
35 years is a long time, twice of it makes a person already in their senior years. Most likely, in their 80-90s (if they still stick around) since most of us do not start investing at age 1.
I was 18 years old had I invested in the stock market, especially HSI. Looking at the chart and the two recent fall out from the bullish trend (on hindsight) , I will still...
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...
Rising demand for HK33HKD over several days on the Daily Time Frame based on the 6EMA.
I bought HK33HKD on both my FTMO 10K Challenge Phase One and on my Oanda Main Account.
Discount offered by seller at 6EMA on 4H Time Frame.
Initial SL set is wide, because I want to give myself more time if I am losing, to decide if I want to exit for a small loss or win...
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...
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...
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!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to...
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 👀
