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...
There is always a coincidence when a big event cause a market massive move in up or downside
When Hang Seng Index broke the 25000 market with big green marubozu bar...the student knows that only a massive Protest at the CBD would be able to send the index tumbling..
Oh is it? Ain't the double bearish divergence give stern warning in advance
The index gave away 10%...
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.
Just very recently, about a month ago, when Hong Kong Hang Seng Index broken its major resistance (traced back to Nov 2010 of 24874.96. There was a big huhhah because it "means" more upside for the fool according to Alexander Elder.
Two weeks later, it couldn't maintain the momentum and worst another big marubozu green (bearish in disguise) attempted with...
If the American indices are due a downswing, well, the same can be said of the Hang Seng. Chart shows Trend Lines (dotted blue) and Bollinger Bands. Actually, the range is still quite narrow, and the graph is rising from a weak W bottom, so the price could rise a bit further and break through the Resistance Line. Not too clear if it is ready to swing down!
Consolidate any pullback, this 3 year breakout should be a good long term position to new highs.
Potential is 32% and more, set your stop loss according to.
Get an eye on the RSI (1M), any value over 63 will be a good confirmation for a rally building up.
In the past 3 years, Improving US economics and Abe economic effects boost up US and Euro stock market. Euro stock cheers for the German economy in the 2013. Who is/are missing main charaters? China and HK Stock market is unexpectly quiet. However, recently optimistic data from China seems will trigger buyers and boost up the stock market.
After the big pop in asset-prices in 2007, the Hang Seng Index seems to having broke out of its years long consolidation pattern (ABC-Structure) this month, and now is to continue its decades-long bull market. Very strong fundamentals such as a low P/E-Ratio and a good GDP-Growth support the trend. China has a very good chance to lead the emerging markets performance-wise.
Hi all,
I am a new Gann follower that just started learning Gann theory. Please comment on this chart and welcome any correction. I admit that this chart may have tons of problem, but I keen on investment and thus I will catch up any learning opportunity. Thank you.
Helloworld
Large bullish candlestick breaking out of moving averages and resistance levels. Might have a brief pull-back as seems common enough with these signals.
If the short history here is any clue, we have technicals very indicative of future price movements; between no BS support and resistance and clear 1-2-day candlestick signals, the HSI seems to be an easy read.
