HSI bounced from support, potential for a further rise! HSI bounced off 27665.9 where it could potentially rise further to 28593.7. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState117
Hang Seng: Emerging Golden Cross on 1D. Buy opportunity.This is an update to our HSI position posted in November with regards to the bullish signal on a symmetrical pattern as seen below: At the moment the 1D chart is on neutral price action (RSI = 51.993, MACD = 310.060, ADX = 31.212) which technically is a good buy signal. On top of that, a Golden Cross is about to take place on the 1D chart, which is an even stronger buy signal and if the price bounces off of it, it will make a perfect Channel Up. The first Target of 29,000 has already been achieved. 29,500 and 30,200 are next based on the Symmetrical Resistance levels. In September, 2019 we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.Longby InvestingScope1113
HSI bounced from support, potential for a further rise! HSI bounced off 27935.3 where it could potentially rise further to 28611.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState4
Be still......Yes, so I saw the sea of red across the global stock market, commodities, cryptocurrencies and futures as well. For those who saw it coming and shorted the HSI, congratulations. If you are long on HSI, like me, fret not and panic not. Apparently, it is due to the pneumonia flu that is happening in China and is spreading to other countries. And this is also exacerbated by Moody rating agency downgrading HK debt citing government inertia to control the ongoing protests. Now, it looks like the selling seems to have taper down and may goes further south tomorrow or the day after to 27,564 level. At this level, I expect a rebound. Like Sars that happened in 2003, the most affected industries would be the inbound and outbound tourism. However, due to the upcoming Spring Festival Holidays and millions of Chinese would be returning to their homeland (eg. those working in Tier 1 may return to Tier 2 or 3 and those abroad may return back to China) to have a yearly reunion with their family members. In this aspect, I doubt the tour business would be severely affected. China is now doing all that it can to help contain the virus and hep allay public fears by napping those who spread fake news online, creating unnecessary anxiety to the public. So, I would be awaiting tomorrow to see an opportunity to get in to HSI and many HK/China stocks that have fallen 1-5% today. Trade safely, always use a SL, apply risk and capital management appropriately and adopt a positive mindset in trading and investment. GBU>Longby dchua1969Updated 227
The Most Scary & Important Chart You NEED to See Right Now $HSIThe mainstream media is blaming the mysterious virus in China for the pullback in the Hang Seng index, we as a technical analyst view it differently. Bullish view - It should bounce at the moving averages (red box) and confirms the double bottom and break out. by johninvest17Updated 117
HSI bounced from support, potential for a further rise! HSI bounced off 27935.3 where it could potentially rise further to 28611.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState4
HSI touched 78.6% Fibonacci retracement & need replace the Gap.HSI touched 78.6% Fibonacci retracement and go down. It is expected that the index will replace the gap from 2019 mid Dec around 27000. The next support will be on 50 days MA and 250 days MA. by hex_7efb62
SARs 2.0: New version from Wuhan, China In March 2003, Hang Seng dropped 22% when SARS hit HK and start to spread. A 4th death has occurred and China said it can be spread from person to person. So be defensive and cover your longs. Shortby limweeteck3
Hang Seng...Boring!Hello Traders, not really much new to add. Hang Seng failed this week to decline significantly lower and the move from 29149.50 look like a sideways consolidation. If so to come, HS will make a modestly lower low below the 28619 from January 15 to complete an a-b-c pattern. At the longer-term chart there is to observe, that HS is clearly in an uptrend and closed this week above an uprising trendline (blue) that may indicate a wave „3“ has started. But we need more price action to confirm such a move on a weekly basis. Overall the uptrend is intact and HS is still hiding to the 30000 levels in the coming days and weeks as long as 27857.70 on a daily basis is valid. Have a great weekend.... ruebennase Feel free to ask or comment. Trading this analysis is at your own risk! by ruebennase7
HK: 1/17/2020The HK market has rallied from 26,000 to 29,000 in a month. As market approach the key resistance level at 29,000, we are seeing divergences in the lower time frame. Now would be a smart time to lighten positions in the market. by gordonkehyu227
HSI bounced from support, potential for a further rise! HSI bounced off 28804.3 where it could potentially rise further to 29706.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState4
HSI bounced from support, potential for a further rise! HSI bounced off 28804.3 where it could potentially rise further to 29706.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState3
A range of HSI is shown for hitting it’s recent highAfter the 1st deal of trade war has been settled, the HSI rose 200pt this morning and just about to hit 29000 with less than 15pt left (daily high 28987.73). Technical speaking the rising tunnel had reaches a top as we can see in the last 6mths chart. And by the look on the 3mths chart a quick rose from 26000 to 28900 from early Dec to Jan thats almost 12% in a very short period of time. Foreseeable adjustment should occur sooner or later. For some fundamental speaking, without bigger news coming ahead after the deal of trade-war to simulate the market, investor might prefer a profit taking actions ; plus, as the upcoming CNY, by logical thought ppl in Asia might withdraw cash from the market as well and prepare for the long holiday. by Tk96304
City of Hope, Hong KongFirst the good news ! Based on our entry here here at 26595, we are now at 28700 (profit of 3005 per contract). Praise Lord and congratulations to everyone that still holding. Ideally, the inner trend line (green dotted one) is not violated by the price, it should continue to go up slowly and nicely. Nobody knows how long the protests is going to be and what will be the outcome as we hear negative news every now and then. ( here , here and here ) Let's pray for the safety of everyone and may the City see its glorious day once again !Longby dchua1969Updated 116
Hang Seng...All of the advance?Hello Traders, Hang Seng complete a wave (5) @ 29149.50 on Jan 14. This move could be all of the advances started @ 25995 on December 04 or it is wave (iii) of „iii“. I have drawn a „base-channel“ at the chart (blue) to show how wave „1“ and „2“ has progressed during it developing. The breakout of the channel with a gap-up on December 12 implies, that a wave „3“ has started! The next trend channel to draw at the chart was the „acceleration-channel (black) to show the structure of the impulse move within wave „3“ and to determine the end of this wave. Note, that a break of the lower of the channel implies, that a wave „3“ has come to an end and a countertrend in a wave „4“ was underway! This behavior was to observe with the break of exactly this boundary on January 3. The index declined in a „three-down“ to the upper boundary of the base-channel that often act as a support area/zone/level. It bounced than to the upside to complete the entire move or just a portion of the next move up. Please, not again the behavior as price popped above the upper boundary of one more channel which is another base-channel of higher degree. This channel could be important in the coming days and weeks. If yesterday's high was all of the advances a „three-down“ or a variation thereof is next to look for. For now, the move is to short to call out which formation will be next, but a target range for a correction is at first hand at the wave „4“ level of one lower degree @28000 area were to, a 0.382 Fibonacci of the total advance is placed. Any push above yesterday`s high could make today`s low @ 28619 a wave „4“ and a new high could be the final advance within a wave „5“. Have a great week... ruebennase Feel free to ask or comment. Trading this analysis is at your own risk! by ruebennase7
HSI bounced from support, potential for a further rise! HSI bounced off 28804.3 where it could potentially rise further to 29706.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState6
HSI index - Sell 14.01.2020Friends, please before reading, support this idea with your Like and any Comment, thanks. You can take short sale Hang Seng Index from 28900-29000 Stop-loss 29500 You will find more trading ideas in SAV Finance community. Good luck!Shortby SAVFinance2215
HSI bounced from support, potential for a further rise! HSI bounced off 28804.3 where it could potentially rise further to 29706.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState4
HSI potential reversal! HSI expected to rise up to 1st resistance at 28777.6 where it could potentially react off and drop down to 1st support at 27771.5. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState8
prediction of hsiI predict that HSi will hit its highest price in 21 days at a value of 29000 It is believed that this should be is highest price as more data about the economy will be announced after the Chinese New Year which is predicted negative as the protests in Hong Kong had caused a big hit at the economy. Therefore, front view of the stock market in Hong Kong is quite negative as predicted. by ryanmak1
HSI approaching resistance, look out for potential reversal! HSI is approaching its resistance at 28777.6 where it is could reverse down to its support at 27771.5. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState9
HSI potential reversal! HSI expected to rise up to 1st resistance at 28777.6 where it could potentially react off and drop down to 1st support at 27771.5. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby TradeGATEHub6
HangSeng....29000 area next stop?Hello Traders, HangSeng gaped to a high @ 28561 this morning. Today`s gap can be classified as a „common“ or „acceleration“-gap. As I wrote at yesterday's analysis, the low @ 28087.9 (closing price) was a wave „4“ of lower degree and the next move is up to new highs to my view. A possible target range or a new high is around the 29000 points area. Only a close below yesterday`s 27977 will rescind this forecast. Have a great Friday... ruebennase Feel free to ask or comment. Trading this analysis is at your own risk! by ruebennase5