HKES .388 BUYHello, according to my analysis of HKES stock, there is a good buying opportunity as the stock broke the descending channel. With a breach of the strong resistance level at level 323, with a very positive green candle, which indicates a strong entry for buyers. Good luck everyoneLongby inv_market091
HKEX Ranging TradePrice is in a range for HKEX between 430 - 540. If price were to reject above the current support and break above the trend line , we will expect to see a rise to 500 follow by 540.Longby 100dollarUpdated 1
Bullish towards $560Price of HKEX has been moving within a range and recently get out of the downtrend and resume the upward move once retested the base that is forming at current. Potential target at $560 , and followed by $700 - $725 before another consolidation/healthy retracement. Stop loss by $400 for this setup to be invalid.Longby 100dollarUpdated 2
388 have a support on $500388 should have supoort on $500. The percentage of drop is smaller than HSI, -0.87% vs -1.6%by investfamily0
Positive Earnings for SEHK388 HKEXHKEX posted positive earnings today. Below are the financial highlights: YTD Q3 2020 revenue and other income was 12 per cent higher than YTD Q3 2019, a nine-month record high - - Core business revenue was up 21 per cent against YTD Q3 2019, reflecting higher trading and clearing fees driven by record headline ADT2 - Stock Connect revenue and other income reached a record high of $1,354 million, up 79 per cent against YTD Q3 2019 Source: HKEX Website As expected, news of a vaccine, coupled with tighter regulations on ATM (Alibaba, Tencent, & Meituan) has caused a rotation of funds out of the tech-sector as well as equities that are largely 'Covid proof'. However, I am positive that 388 will be able to make a run to breaking all time highs given its good performance. Technically, 388 looks range bound and is nearing the bottom of the range. I would wait for confirmation to add more shares. Views are my own and should be meant for discussion and educational purposes only! Please make your own investment/trading decision.Longby cletibals2
Why pay more ?We can pay lesser for the stocks that we like by being patient. Looking at the price action, it is likely that it will falls a bit further to the 330 price level before we see a rebound. It does not mean that I will immediately buy at this level. Market is ever changing and it can falls further below 330 due to whatever circumstances. So when the price reaches 330, I will monitor and see if Mr Market offers me any bullish signal to go long,else I will wait or skip this stock. Learning to be impersonal to any stock that you own helps you to stay detached and offers clarity. The purpose of stock buying is to create and accumulate wealth, nothing more. With an abundant pool of stocks to choose from, one can afford to be selective and select only the best of the best, increasing one's odds of success in this game. Longby dchua1969Updated 4
What do you do now if you are the buyer ?Time to put on your thinking cap! We must remember in the market, there are many kinds of players. Retail, institutional, government authorities, etc. Some wants to invest for the long term and would not mind the volatility and probably add more when price drop. Day or Swing trader would take advantage of this volatility and try to make some profits out of it. From chart, you can see each buy to the resistance line at 281.40 is met with a sell. So, without holding this stock for so called long term, you can still make money out of shorting it or buying and then selling once it reach the resistance level. The million dollar question is now it is coming back up again, will you sell or buy ? If sell, what's your explanation ? If you buy, how do you justify to yourself ? That's all it matters to all traders and their actions are then pitted against each other in the market.by dchua1969Updated 115
Hong Kong Exchange & Clearing Ltd (388 - HK) - impulse waveHong Kong Exchange & Clearing Ltd (388 - HK) is in ABC wave pattern in 60 min time frame, which might be over, but if it extends as impulse after C wave over as wave 3, then it will further go for one more wave as C wave up. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. But right now no trade set up until it confirm the five wave move.by EWFcw5
HKEX:388 Short term 20 days. Potential profit 5.4%Buy in @259.8 Cut loss @252.2 Target @273.2Longby Smith_by_VPPBSSUpdated 6
388 Shortcopying last year's dropping pattern, we are heading to $246 area soon and C targets $220 and $196 area. there're 2 pattern in the chart. Blue: simple ABC, Red: copy last year, going to $196 area. Shortby qeroUpdated 2