President Xi Jinping’s New Year address put paid to hopes of much larger stimulus. In his address, President Xi pointed to the consolidation and enhancement of the economic recovery and no signs of a boost from policy coming. Furthermore, China’s economic growth for 2023 came out at 5.2%, above the central government’s 5% forecast, which it boasted it was able to...
Over the last 3 days, we witnessed a near 9% rally for the HSI. There were several contributing factors - the Chinese government has injected more stimulus into the market. Read here and of course the 360 degrees turn by famous Jack Ma who bought 271 million shares of its own company, Alibaba, giving the much depressed stock a huge rally, causing a rising tide...
Read some latest articles here , here and here . We now see a good support at 21563 level and HSI might revisit this level or slightly below (to kill the retail traders who place tight stop loss) before a rebound can be in sight ! Hang on there , guys !
It was nearly three years ago when the China stock market notched a short-term peak. Recall how the world's second-largest economy was initially seen as a growth engine coming out of the worst of the pandemic. An authoritative regime in China, led by President Xi Jinping, crippled the economy's expansion trajectory through harsh ongoing lockdowns and by clamping...
This version of God View includes Fractal Analysis China QE = Roaring 20s or Black Swan Bust
Preference for wave 3 to extend. Using various fibonacci extension levels, I would imagine that HSI will ultimately move down to 14480 around 2nd Feb 2024.
The current status is uncertain, and there are two possibilities: 1. If it is the 2nd wave of an upward trend, the HSI (Hang Seng Index) will rebound in the short term and surpass 16500. The level of 16500 will be tested multiple times, which would be the most favorable situation for the HSI. 2. If it is the 5th wave of a downturn, the HSI will break the 15400...
Most have pulled out of HSI or China Market with much unhappiness, disappointment and anger. The Chinese Government has failed to shore up the economy and stock market and big institutional firms have sold or pull out large funds away from China. Another 300 points down today , red and more red like the blood flowing out of a body, slowly but surely. So many...
HK33HKD - 24h expiry Previous support level of 16014 broken. This is negative for sentiment and the downtrend has potential to return. We look for a temporary move higher. Preferred trade is to sell into rallies. Further downside is expected although we prefer to sell into rallies close to the 16015 level. We look to Sell at 16015 (stop at 16195) Our...
Please note that the last 20 seconds of this video is me trying to figure out which tab is my recording on in order to stop the video (LOL). Anyway, this is an update to HSI and that I expect it to fall even more this coming week. I expect the trendline to break and move down to ultimate target of 15000-15100 over the next 2 weeks.
After they get broke from covid. Will see, every property sector was die. They need to recovery. Note: this my personal position, i just share my trading experience. My this can help you if you want to buy or same prepare with me.. Good luck!
Interesting spot in the Hang Seng index here... Upside targets seem reasonable for a mean reversion move, but there is a lower probability chance for a long term bottom as well. Let's see if it gets follow through, risk is low enough to try buying a small position. Best of luck! Cheers, Ivan Labrie.
This is just a potential bearish count where the movement up is considered a corrective wave. However, due to the strength of the impulse moves up, I will recommend that if you short, put a tight stop.
Hang seng index taking support at multi-year base support.
-Thin Trading Volumes -Uncertain of the timing in rate cuts -Japan stocks are on poor performance -China's Index has fallen by -0.9% -Chinese stocks are the worst performers in Asia this year Also take note of the rocket booster strategy on this chart because this strategy can also be used to study the index markets. From the chart above you can see the...
Hk index got raped by foreign investments to a point where it is at 1997 level. The chinese were able to walk out of the cultural revolution they can certainly get out of this. Yes, obviously if u walk around hk or look into the news its bleak guess what in 2008 it looked bleaker than it is now. Opportunity for 2024 is everywhere def a chart to look at.
TVC:HSI The Hang Seng Index is priming up for a long term buy opportunity. It may have already bottomed, having bounced off the support line from the 2000 crash. However, weakness in US stock markets (notably the QQQ and the SPX) suggests that we may get a global equities sell off in early 2024. If this happens, and the Hang Seng retests its support then this...
The Chinese stock market has been volatile in recent years, but there are signs that it is on the verge of a major rebound. The government is implementing a number of reforms that are aimed at boosting economic growth and investor confidence. These reforms include tax cuts, infrastructure spending, and measures to support small and medium-sized businesses. As a...