HSI1! 2021 FEB 15 Week
HKEX:HSI1!
HSI1! 2021 FEB 15 Week
Weekly, Daily, Current TF = Shortening of thrust
Last bar price advanced on weaker volume.
If story were to repeat itself, per price action at resistance
1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate resistance comes into play and market comes down.
If long, possible scenarios
1) long on dip, volume declines as price comes down,
volume on advancing bars should be strong
2) immediate push up on reasonably strong volume with high of bar A
acting as the immediate support.
3) if push up is on ultra high volume, wait for test and enter.
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
GONG HEI FATT CHOI!
Hangseng
HSI1! 2021 Feb 08 Week
HKEX:HSI1!
HSI1! 2021 FEB 08 WEEK
29273 if supported will indicate higher prices.
Friday showed that there's supply present still as
indicated by bar A closing off its high and subsequent
bars closing very near to each other.
Let's see if price can break out or more time is needed
for the buildup
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Have a safe and profitable trading week.
HSI1! 2021 Feb 01 Week
HKEX:HSI1!
HSI1! 2021 Feb 01 Week (Intraday)
"58" in cantonese means "no prosperity".
Coincidentally market went down from there lol
Immediate support = 28078 - 27168 (an auspicious number in Cantonese! Would this support hold?
Intermediate price levels = 27806 & 27548
Support 27108 - 17176
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Have a safe and profitable trading week ahead
HSI - Potential Bearish Engulfing on Weekly CloseIt is very crucial for the last trading day of January 2021.
If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices.
1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened.
2. Being resisted twice by 2019 year high at 30,280.
So, is the trend repeating? Is the market already top for the year of "BULL" (2021)? I hope not.
However, the past performance is not always*(sometimes it does)* indicative of future results.
Be cautious. Stay safe and Gong Hei Fat Choi! <3
HSI1! 2021 Jan Week
HKEX:HSI1!
HSI1! 2021 Jan 25 Week
Red Greed zones = preferred entry levels
Grey box = price rotation
If we look at the daily/weekly chart, the high is nearing 30336, previous resistance.
Immediate price watch 29488, 29672
Resistant3 = 30336 (Previous high, supply area)
Resistant2 = 30098 - 30143
Resistant1 = 29857 - 29905
Support1 = 29323 - 29362
Support2 = 28970 - 29000
Trade Management
Profit target can be 30% / 50% / till next zone
Remember to Like and Follow if you find this useful.
Have a safe and successful trading week ahead.
Buying ClimaxBuying Climax underway in HSI.
Gap from 06 May last year will be completely filled at 30020. Sellers have been dumping aggressively from 28300 but Market has not established clear distribution range as of yet. Things will become more clear after the pullback. Next few weeks mostly between 28k-30k with higher prices to come.
HSI1! 2021 Jan 18 Week
HKEX:HSI1!
HSI1! 2021 Jan 18 Week
Red Greed zones = preferred entry levels
Grey box = price rotation
Price rejection observed at 28675 - 28620
Price rotation observed (grey box)
For a long trade the bottom of Bar A should not be broken.
Intermediate support = 28313 - 28371
Resistant2 = 28970 - 29000
Resistant1 = 28620 - 28675
Support1 = 28168 - 28198
Support2 = 27757 - 27806
Support3 = 27402 - 27461
Trade Management
Profit target can be 30% / 50% / till next zone
Remember to Like and Follow if you find this helpful :)
HKEX:HSI1!
HS1! 2021 Jan 11 Week
HS1!
HSI1! 2021 Jan 11 Week
Red/Green zones are preferred entry area.
Intermediate 27753 resistance was broken through and has now become intermediate support.
Though B sees a rejection, the volume isnt' as high as I'd like to see.
The bar after it is a down bar on low volume.
Notice also the price rotation zone marked out by the grey box.
Let's see if market is buidling up for higher prices or if this is topping over.
Resistant3 = 28619 - 28755
Resistant2 = 28318 - 28379
Resistant1 = 27958 - 28012
Intermediate support = 27780 - 27806
Support1 = 27645 - 27690
Support2 = 27400 - 27461
Support3 = 26854 - 26947
HSI1! 2021 Jan 06 Midweek Update
HKEX:HSI1!
HSI1! 2021 Jan 06 Midweek update
Post Monday 4 Jan's observation
Price if continues on an uptrend, I will look to buy
if I see a Ultra High Volume wide spread
down bar has formed, examples marked by red triangle.
Remember to look for entry on a lower timeframe.
Resistant3 = 28619 - 28755
Resistant2 = 28318 - 28379
Resistant1 = 27901 - 28012
Intermediate resistant = 27753 (price rejection from 2020 Feb 10)
Support1 = 27325 - 27400
Support2 = 26854 - 26947
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HSI1! 2021 Jan 04 WeekHS1!
Immediate resistance = 27324 - 27400
Immediate support = 26854 - 26947
A = Pushed through an old top 27077 on high volume
B = Weakness is seen from the selling and closing near the low
Watch Monday's close for indication from big boys.
Trade management
TP can be 30% / 50% of range or between the range.
HS1! 2020 Dec 14 Week HKEX:HSI1!
HS1! 2020 Dec 14 Week
Price remained in a range for the past week
Not much change to S/R zones
Being in the year end holiday mood, take it easy on trading or take a break
Scenario - Short
Short from Resistant 1
Short from Immediate Resistant
Target 1 = 50% of range to Support1
Target 2 = Support1
Extended target = Support2
Support 2 = critical support
Scenario - Long
Long at support zone
Target 1 = 50% of range
Target 2 = Next zone
HS1! 2020 Nov 30 Week PlanningHS1!
Bar 1
Price tried to break out of the resistance zone before meeting rejection to higher prices, closing in the lower region of the bar.
The breakout is not convincing
Bar 2
Another breakout attempt, but made a lower high than bar 1.
There is some demand as price close slightly above middle of the bar.
Reason for caution is that although the top of the resistance at 26876 is beginning to act like support, we are still in the supply area of Bar 1.
And the diminishing volume on the breakout attempts tell us that bullish strength is not really present.
Scenario planning:
1) 26876 resistance turned support and strong buy volume comes in. Will it attempt to close the gap from February 2020?
2) Mark up on low volume continues before price reversal
3) Price reversals back into resistance zone, and subsequently goes lower back into the rotation range
Trade with care for 30 Nov week.