Keep moving on the roof of the ascending channel. Since broke the long term down trend last Q4, HSCEI keeps strong. The next stop would be the down trend started from 2015. It is around 12800. Keep 100% Long position.
HSI gained on the first trading day of the Year of the Ox, overcame the year high of 2019. Heading to 33484, the year high of 2018, would be the only way out. HSI is strong. It broke the long term down trend in the end of 2020, and broke the ascending channel in January 2021 successively. All moving averages are bullish. Keep 100% long.
Uptrend, first target 30277 , the previous high and the high at 2019. All moving averages are in bullish. Since the breakthrough of the long term down trend Q4 last year, the situation has improved a lot.
Last chance to balance our portfolio and DROP.
After the breakthrough of the ascending channel, S&P becomes weak in chart pattern. 3650 would be the first support.
After the breakthrough of the Long-term downtrend in Q4 2020, HSI would keep in ascending channel mid-term view. In Weekly chart, all 10/20/50 moving averages are in bullish moving average patten. In short terms, the uptrend started from Sep 2020, move to 27500 on next week , it would be a very strong support.
Gapped up with unexpected subscribers figures on Wednesday. Please keep close above the resistance line 568 and the next support would be the gapped up bottom 556. Hope NFLX would be able to outperform on FAANG. Finger Cross.
After reached the top of the ascending channel on the Inauguration Day, S&P 500 started a little correction. No doubt, keep long position and keep covered call to make around 0.7 in delta.
Just spent 1.5 day to reach the top of the ascending channel. Keep long positions and think about covered call to hedge it. Make 0.1-0.2 delta should be a right way.
