By relying on indicators like double bottom as seen on this chart - it can be illusive and detrimental as well. We see that it tricked the buyers 3x before it finally bottomed and breaks out of the bearish trend line.
If one gets too impatient and bought at the first double bottom and hold till now, he would still be in a LOSS position.
By using the trend line...
Monthly timeframe seems to be forming a symmetrical triangle with PA resting just above the 200 EMA. Relative strength index in a make or break position where we will bounce from over a decades support, or breakdown and visit oversold conditions. Fisher is at the lows and looking to start pointing up. We are also looking at a potential double bottom with the covid lows.
HSI remains one of the most hotly traded index , imo. For those who are keen to do short term trading, there are many opportunities available. It piques my interest as I love Chinese stocks and watching this index going through a roller coaster ride over days, weeks , months and years reveal opportunities/gaps that can provide some form of monetary gains.
Of...
From the technical view, we haven't seen any valid new highs since 2007 but a short-term new low today. While the US stock market (as well as other global emerging markets) shows stable and massive growth, Hong Kong stock market doesn't follow the trend but performs badly. The support line projected since 1998 is not likely to hold in the future. In a smaller...
I've been watching HK50 chart for a while now, and here are the reasons on HK50 Long :
- Major Support (weekly) at 22483, and currently bouncing up
- Next resistance (Daily) at 23554, and could go more to the upper side if it breaks
- 4 hour chart is creating a double bottom pattern, and forming a leg up. Double bottom neckline is at 23152, if breaks then it's a...
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====== DISCLAIMER ==========
=============================
This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the...
==========================
====== DISCLAIMER ==========
=============================
This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the...
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25025 will be a key posoition of HSI trending, if the trend can break through 25025 and end with red candlestick, then it will be a good signal for further up trend, if not and end with black candle stick, then be careful for the risk of down trend
if you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
My trading behavior report is available at the link below.
I can analyze the market in a short time, involving foreign exchange, encrypted currency, commodities and...
==========================
====== DISCLAIMER ==========
=============================
This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the...
Rebound condition :
1) Hang Seng Index candlestick has reached to Level-1 of Raising Stage (D) and pull back. It has now reach W-Bottom neckline (N1) and rebound
2) FundFlow+ indicator - Broke down 5-day MA, it will be better if BO above 5-day MA
3) Tricol+ indicator - banker sentiment bar (RED) fall below 10-day MA
Support & Resistance:
S : W-bottom...
According to the 4-hour graph analysis, the Hang Seng Index has experienced a wave of a+A+b+B+c decline from February 26, 2021 to December 20, 2021, the strength of segment c has weakened significantly, and the MACD has diverged. Small-level 30-minute MACD energy column area divergence, you can switch down from 30 minutes to the 1-minute chart to find its precise...
Hang Seng Index weekly chart Elliott wave global count and post-potential deduction also combined with tangled theory to analyze the trend. In 2022, the HSI will have a good rebound,
HSI has start to bottom up showing that confidence in Hong Kong market has start to show in the current market.
Price has broken up above box to show that immediate target to be 25,600.
We should expect price continue to consolidate along 23,000 - 26,400 and eventually start to go back up to 30,000 in the next 6-8 months time.
This favours heavily sold stock in...
==========================
====== DISCLAIMER ==========
=============================
This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the...
When will the market recover ? When is Alibaba going to turn around?
When will the Central government of China stopped all these regulations tightening and all ?
OH, I wish I have a crystal ball and provide you with the answers but I don't. Go to youtube and you will find many fake gurus telling you to buy this asset, do this business, attend their webinar and...
