China in sell modeLooks like the govt is done trying to pump money into the market, selling off now. Probably gonna hit support, could go lower.
Hangseng
Hang Seng Index Near to Its Weekly 200 EMAHang Seng (HongKong) Index Daily Chart trading Below All its 50 100 200 EMA.
Expecting Support from Weekly 200 EMA Levels 26600.
If Broken Further Downfall can be expected As per the levels on the chart.
Do Your Own Analysis Before Investments.
Here is a Buy setup in Shandong Gold Mining Hk $1787 Shandong Gold Mining looking good for mid-long term buys especially with the coronavirus in the news.
As investors would seek to invest in safe-haven stocks.
Enter a position at breakout with volume and close above $20.80.
1337 : Razer Inc | Gaming IdeaCompany has decreasing debt, increase revenues, top products and it is situated in the middle of the largest growing industry in the world, Gaming.
For $1.11 HKD, the company is a steal.
Price Action looks nice, looking for a low buy due to higher close and higher high.
NFA - Not Financial Advice
DYOR - Do Your Own Research
BIYS - Believe in YourSelf
$HSI Hang Seng Futures Short Part 2.Soooo another H&S has appeared within a larger Head and shoulders to make for an interesting 2nd short entry. It looks to be at just about where the right shoulder should form, short here with a stop loss obviously.
Here is a Buy Setup in Ping An Healthcare and Technology $1833I am liking the health care stocks across the the markets due to the Corona Virus.
Here is a buy setup in Ping An Healthcare and Technology.
Looking good for a breakout, technical indictors are still bullish.
All moving averages are trending higher.
$HSI Hang Seng Weekly chart head and shouldersThe $HSI Hang Seng weekly chart is showing a pretty clear h&s likely pushing it to the yellow bottom trendline
Industrial Commercial Bank of China. My only full Analysis. My only full analysis.
Industrial and Commercial Bank of China(01398.HK)
For example, capital $1000
Chart Pattern.
The bottom is likely to be in established in 2016 because we can clearly see another “ABC correction” completed on the chart. This time creating a higher low. Also, with positive trade war news and rates lowered, we could see a confirmation of a trend reversal.
(Top Indicator)
MACD is about to cross and provide a green dot, signals to trading algorithms machines to go long.
(Bottom indicator)
Furthermore, I’m predicting the RSI to breakout once the stock price can break the 6 dollar mark. This will indicate the trading algorithms machines to “go long” because it will break resistant level on the RSI.
( How I would buy and sell this stock. )
I will go 25% in ($250) with my initial capital if the stock can close above the 21 month moving average (green line) currently sitting at 5.77 price level. If it breaks 6, I will go the rest of the 75% ($750). Long Term target 7.50-7.51. stop loss at 5.17.
Last time the stock is above the green line was in February 2017. That was the start of an uptrend. Currently, TD sequential (numbers can the above) suggests this is possible.
My aim is not to make money in stocks, my aim is to become world class at technical analysis. I want to become one of the best in the world by 2030. 70%-90% of the time correct.
“I can still make money if I am late to an uptrend or downtrend (Go Short), but I can’t make any money if I am wrong”. Tone Vays.
HSI UpdateAs you can see, the Hanger hit my red arrow target last night, and I'm expecting a small bounce from this oversold condition. If it bounces then so will futures, which means a gap up tomorrow.
Not feeling terribly bearish right now, and this bounce isn't gonna be enough to make me bullish either.
Hang Seng: Emerging Golden Cross on 1D. Buy opportunity.This is an update to our HSI position posted in November with regards to the bullish signal on a symmetrical pattern as seen below:
At the moment the 1D chart is on neutral price action (RSI = 51.993, MACD = 310.060, ADX = 31.212) which technically is a good buy signal. On top of that, a Golden Cross is about to take place on the 1D chart, which is an even stronger buy signal and if the price bounces off of it, it will make a perfect Channel Up.
The first Target of 29,000 has already been achieved. 29,500 and 30,200 are next based on the Symmetrical Resistance levels.
In September, 2019 we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target:
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Comments and likes are greatly appreciated.
SARs 2.0: New version from Wuhan, China In March 2003, Hang Seng dropped 22% when SARS hit HK and start to spread.
A 4th death has occurred and China said it can be spread from person to person.
So be defensive and cover your longs.
HSI index - Sell 14.01.2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can take short sale Hang Seng Index from 28900-29000
Stop-loss 29500
You will find more trading ideas in SAV Finance community.
Good luck!
Hang Seng WeaknessI kinda blew the call Friday afternoon because I wasn't paying attention to China, and they pumped the crap out of futures Sunday. Pumped ES1 so much that when the Euros sold it, MDI went oversold but the index future was still up 9 pts at open.
Lesson learned.
Anyways, I bought MCHI calls today, and when I noticed this was overbought, I flipped them in the afternoon. Glad I did.
HANG SENG (HSI) Within Sell Zone
Completed bearish harmonic bat pattern on Hang Seng.
The market is back again trading within the sell zone.
Targets: 27500 / 26800
Stop - 29500
Market Events and VolatilityAnnual 2019 Trading Results
The Elite Gold strategy +51.5%
Silver +73.0%
Forex & Precious metals +76%
ridethepig | Copper Driving China Capital Flows As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities.
We got the floor set in Copper as widely expected all year:
Any dips now look competitive:
Copper has been allowed to outperform Gold:
Bulls need to reclaim the highs in Chinese Equities after the -10% leg:
A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold.
Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
Tencent Finally breaking out, time to go long? $700I like Tencent here,
MACD and RSI are bullish. broke out of the triangle.
My first target is around $400-405.
More about Tencent
Tencent Holdings Limited is a Chinese multinational conglomerate holding company founded in 1998, whose subsidiaries specialise in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.
My new favorite stockAnything can happen :)
Usually ponzi schemes (this is how I call hype greater fool bubbles) fall in 2 way:
1- Go up slowly fall fast (Enron I guess)
===> Retail and bad funds either want to secure the gains they waited so long for, or the weak uptrend got them in partial disbelief so they believe it can go very low and want to get out asap. They often get tricked into selling right before the uptrend resumes.
2- Go up fast fall slowly, such as in the following 2 examples:
===> The mania very rapid gains got people really excited, so they refuse to sell and so the price declines very slowly. They are persuaded the price will not get much lower and the downtrend is just temporary. This is often the most dangerous noob bait and they end up holding bags for a very long time.
It is not always the case, and also the timeframe is not always the same, like it could have gone up slowly on the weekly and fast on the daily and the dialy bubble pops but weekly is not in a bubble, etc.
It's a general idea thing. It is an intuition thing can't really define it you either get it or you don't.
HANG SENG Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the pattern is approaching its Higher Low and the 4H RSI is on support levels.
Target: 28400 (below the 1W Resistance).
Hang Seng: Symmetrical patterns show an extended uptrend to at lThe index has broken above the multi month descending channel that started on April's peak with a clear cross over the Lower High trend line (dashed line) on very healthy bullish 1D price action (RSI = 66.138, MACD = 47.598, Highs/Lows = 433.2348).
Since both 1W and 1M turned neutral (RSI = 54.126 and 51.251 respectively) we are looking at previous candle patterns for clues. So far we have spotted striking similarities with the October 2018 - January 2019 price action. Similar lows, High and rejection around 27,300 and then a continuous bullish sequence.
Based on that symmetry we have set the following targets: 29,000, 29,500 and 30,200, which should be used in accordance to each trader's risk approach. A Golden Cross on 1D (as it happened in March) will further validate this outlook.
In September we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target:
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Hong Kong Stock Index (Is it about to Go UP?)View On Hong Kong Stock Index (27 Oct 2019)
HSI was trying to form a HIGHER HIGH, HIGHER LOW formation (HH-HL) and it is about to do a break.
We will need a strong break out with strong vol to validify the move and it is likely yo happen.
If it advances, it shall reach 27,000 and 27,100 regions pretty fast.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
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HSBC looking bearishEurope's largest lender HSBC says pre-tax profits dropped 18% year over year and abandoned a profitability target as Hong Kong's protests and the U.S.-China trade war took their toll
Technicals are not looking good too.
55.76 - 55.15 range is the next price target.
