HK50 
HSI Look at the 4H chart.
MACD - Golden Cross arching up this morning.
KDJ - Bullish zone but overbought zone.
BB - Ranging at upper BB channel and continue to arching up.
Cross-checked with broader tf chart - D chart.
KDJ is now at bullish zone but overbought.
MACD are still below zero level but seems arching and inching to break zero level to give confirmation of bullish.
Continue to monitor to wait for MACD Signal cross above zero line confirming BULLISH.
Can accumulate and swing trade for 4 wks-6 wks.
Look at the 1H chart.
MACD has confirmed its bullish.
KDJ has been moving through the bullish and bearish cycle.
Range Upper BB : 20120 - 20300
Lower BB : 19985 (support level) - 20119.
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 : 19980 ( next support level 19930)
Resistance : 20330 (if breaks then 20450)
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 🍵.
Reminder : to slowly To take action to accumulate Hong Kong and China stock/ETF/Index and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already....
2800 - create position at around 20.50 and add position if pullback to 19.30 (Both Fibo level)
2823 2801 February news is around the corner from local authority. Let's see if that's the case.
One of the positive news:-
scmp.com/business/article/3295881/china-directs-pension-insurance-funds-nations-shares-anchor-stock-market
Again, news are distraction. 😂
Please DYODD and take action to diversify your investment portfolio with China & HKG exposure.
Happy CNY everyone and happy trading!
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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.
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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.