Big Shortdepending on market structure the price is broken the important levels on 4H TimeFrame, when the correction occurring at level 16744 will put a position at level 16621 and the first target at 16320 with suitable stop loss level.
$HSI - It might finally breakout!TVC:HSI Looking like it will finally break above $17000 on weekly close and make a run to $19,000.
Watch NYSE:BABA $KWEB. Both of them are at the critical pivot area.
China's inflation data Yesterday was not good, but the index shrugged it off. It is a sign that the market might be thinking C
Waiting for Breakout, time to Up Up Up.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 almos
HK33 remains mixed and volatile.HK33HKD - 24h expiration
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Trend line support is located at 16530.
Preferred trade is to buy on dips.
Trading within a Corrective Channel formation.
Risk/Reward would be p
Weekly Analysis - HK50This week has been a really slow with no clear direction. It closes with a doji candle.
For this week trade idea, It will be roughly the same as last week. Buy above 17101 and sell below 16127. If you want a more aggressive buy, depends how the first 4 hr candle closes, buy above 16906 is also a c
Tell your hedge fund to buy HSITell your hedge fund to buy Hang Seng Index and some Chinese stocks. Good returns will be coming in next years.
Apr 17: Uptrend still intactWe are at a decisive point here as the drop has been at an important support. If it continues to break, we will continue with the downtrend. But the uptrend scenario is still the preferred one: with the leading diagonal and a 3-wave correction. If the bullish scenario is correct, we should have a
PERFECT Sell opportunity for HK50 - High Reward Low RiskHere is a perfect SELL opportunity for the HK50... You can see the market has not broken pass the trend line to the upside for over ONE YEAR!
The other support trend line has been broken which indicates that the market will continue to head towards the downside...
The current price also rebounded
$HSI - Has been teasing a breakoutTVC:HSI It has been teasing a breakout. The only problem is 17000 resistance.
NYSE:BABA
Weekly Analysis - Hk50March has been a slow and low volume month. Looking for a weekly chart, we are ranging between 16773 and 16334. There is no clear sign of break thru to the upper or lower side.
For this month trade idea, I will set the range between 16127 and 17101. Once the daily start to close firmly above or be
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Frequently Asked Questions
Hong Kong 50 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Hong Kong 50 Index futures or funds or invest in its components.
The lowest ever quote of Hong Kong 50 Index is 14566.8 HKD. It was reached on Oct 31, 2022.
Hong Kong 50 Index reached its highest quote on Jan 29, 2018 — 33519.8 HKD.