this week clearly more bearish than bullish but again cautious!
HK50 
HSI Hello bello.....May everyone trade in the state of peaceful and calming mind.
Hong Kong Stocks Post Five-Day Rout
Hong Kong stocks ended lower on last Friday, extending the losing streak to a fifth session, as sentiment remained downbeat due to concerns over US-Sino trade tensions.
The Hang Seng Index retreated 0.92%, or 176.60 points, to end the week at 19,064.29.
Is the news helping? News is distraction. 😂
What's the magic numbers to look at for HSI for the near short-long term?
Well, we are now in the pullback correction area, worth to notice and recall that in fact in 2024 the index has actually bringing the full-year with almost 18% (17.67%) gain; closed at 20059.
Support: 18569, 18215 (from W Chart you can see this is the support level from May,Sept 2024). If this breakthrough then we will see the index at 17570 level.
Resistance: 18,930, 19,700 (well there are analyst forecasting that HSI has an upside of 15% targeting to 20,3000 by end of 2025)
b]4H chart - Bearish
Both MACD & KDJ are indicating Bearish mode.
MACD - remained at bearish zone,
KDJ -
Cross-checked with broader tf chart - D chart.
Bearish - at Oversold zone,below 80
Both KDJ and MACD below zero level. Bearish.
1H chart the Index seems has no mood and strength to move and need quite a long rest...
For day trade: Same strategy, sell at resistance; buy/TP at support.
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Support : 18215 (if breaks then next 19070)
Resistance :18650 (if breaks then 19450, then 19650)
MACD - closing to touch zero line trying to breakthrough but with the red histogram it looks likely dipping down.
KDJ - in bearish zone. It may be divergence signal that on the oversold area and could see a rebound.
Sticktoyourplan follow your trading strategy.
Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it.
Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating.
Rememeber to allocate some of your gained pocket money for long term asset investment.
We should take contrarian strategy. Accumulate Hong Kong and China stock and wait for 12-24months or more to have an exponential capital gain.
Time frame is important! Prepared for the rollercoaster short-term rider for these two markets.
Got your trade plan ready for 2025, or are you still figuring out your moves?
Think of it like prepping for a wild night out—plan your entry, know your exits, and avoid getting caught in the wrong crowd (aka bad trades).
Happy Trading Everyone!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.