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...
Judging by the butterfly, by trend and by seasonality, golden times are now coming with a goal of 23,000
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...
Today, we would like to briefly discuss a few underlying trends in China's economy, touching on the subject of unemployment, demographics, and deflation. Youth unemployment While the unemployment situation has improved in 2023, youth unemployment (for those aged between 16 and 24) has been a longtime issue in China. Indeed, it has steadily risen since 2018...
This is a short update to HSI. I will expect that the burst up today is a corrective wave 4 and for the next 2 weeks, a correction down to 15000.
My previous analysis of the Hang Seng Index was invalidated. And now I've done a revamp of the wave counts for 2023. This is the summary: 1. Hang Seng will continue to fall either till Christmas or EOY. 2. Target support, or end of correction, will be 14980-15100. Look out for this support zone.
HK50 has spent much of 2023 in a parallel channel that i am counting as a double two. The market has retraced to the .768 of the impulsive wave A. Wave C is currently unfolding.
Fibonacci on a market inefficiency. Premium area, I try this sell. No financial advice. Excellent risk/reward above 1/6.
How high will it rally this time ? Only time will tell........ Will you be a spectator or making profits and laughing to the bank ?