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Hangseng

Hang Seng - Room for downsideSince Jun, Hang Seng moving in 30 degree downward sloping channel. Price did not move out from this channel, and previous rally found resistant at the familiar upper channel again. The current price movement have formed lower low, thus the downside target projection are use for price target for reference. If price continue to trade below 27439 will see 27062 & 26452 right after. Fibonacci spirals act as "future" support and resistance. Trader please be cautious when price trading near the above two levels.
HKEX:HSI1!Short
by Johnkiew
Hang Seng - Support at 27300 & 26880Hang Seng likely to join Dow Jones to trade lower with cautious on rate hike ahead. On the left chart (4 hours chart), Hang Seng Futures trading in a downward sloping channel with moderate slope of -22 degree. The recent rally not able to brought the index anyway further. Price is likely to continue to trade within the range for days to come. If the current selling continue, as long as price below 27550, price is likely to discover lower price zone 27300 and second target at 26880.
HKEX:HSI1!Short
by Johnkiew
Hang Seng - Reach Resistance 27270Rebound with global sentiment recovery from trade war concern. Hang Seng selling reach 50% retracement level 26683 on yesterday (left chart) and rebound. However the current swing have achieved 4 multiples of golden ratio. A potential retracement may occur. This basis can be refer to Hang Seng was under-performer among all indices market during this period of time. Thus, today commentary are require to provide two directions view: If price go higher high than 27270, price will further rebound to 27647. If price trader lower than 27270, support could be found on 27025 & 26945.
HKEX:HSI1!
by Johnkiew
17
HSI Daily Update (30/1/18)Indices across the board are facing strong downwards movement. HSI just break through the support zone, next support will be at 32000. Reachable soon... Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
OANDA:HK33HKDShort
by imjmesl
HSI / 2008 vs 2018 : Feels like "Oops I did it again" !!!The comparison is easy, the debt level is even crazier than during the last credit bubble that bursted 10years ago.. Real economies just started to get over it but it seems like traders haven't learnt anything for the previous crisis !! As I always say... trading is about cycles and no matter how ofter I hear "This is different now..." or things like that... the thing is that cycles repeat through time.. credit bubbles or speculative bubbles have always burned the markets even though the economy was looking good and strong... Will we repeat the cycle again... I tend to say yes ! But it's too early.. Sure thing is that I'll have a close look at what could happen on the same fibonnacci extension than the one that triggered the previous krash ! Just in case ;) Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
TVC:HSI
by PRO_Indicators
8