Large C&H has formed since the break up and out of it's recent medium downtrend. Price is also above the 200SMA (Which explains the Green background) This means, an uptrend is confirmed, 7>21 >200SMA RSI >50 >75 Target 24,637 Bullish
The chinese Index isn't kidding around when it comes to fulfilling those New Year's resolutions and is using all its power to climb all the way North. We're expecting the Hang Seng to rise further into the turquoise target zone to complete the red wave (3). After completion, the course should fall back into a correction in order to finish the red wave (3). In case...
Cup and Handle has formed on Daily with Hang Seng. The breakout was strong, and if we weren't in, we'd wait for a bit of a pull back for a consecutive entry level. 7>21 < 200 Moving Average which gives it a Bullish bias. With the Covid restrictions lifting slowly and things finally showing a recovery to come for the economy, this could be the helpful catalyst...
The Hang Seng Index has been going through a constant change of ups and downs. Going into November, we are expecting the index to drop down to ideally 13 715 points and make its way up again. As long as it stays within the green area between 14 451 and 13 119 points, chances are high of the HSI going up to 18 772 by the end of this fall.
HSI1! HSI1! 2021 Nov 08 Week Per analysis, market has come to test the rotation area (grey box) and found 24737 as temporary support, could be a long opportunity If long, wait for price to come down on low volume and find support. If market rotates, stay out If market breaks resistance and turns support = long If market breaks resistance and closes below...
For the flows here, buyers are clearly in control and have been over multiple decades - although since 2016 we have been inside a compression range which looks set to blow later in 2022. Strong support comes into play at 23,500 which should be enough to cap the outflows before continuation in a bull market towards a measure 40,000 breakout target. ↳ To the...
HSI1! HSI1! 2021 Aug 09 Week Last week's market: = No follow through in breakout - Weakness - Upthrust and returned to rotation zone = weakness - Yet to test the Historic UHV from 27 Jul - Market in 650pt rotation (grey box) Monthly = UHV wide spread down bar closing off low (Change in behavior takes time) Weekly = Potential demand, close on middle...
HSI1! HSI1! 2020 May 31 Week (Intraday) Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation Bar 1 = weakness, no result from effort Bar 2 = Upthrust = weakness Bar 3 = reversal = weakness Red/Green zone = preferred entry Immediate support = 28942 If price continues to peel away from the supply (upper line of the channel, means upward...
HSI1! 2021 Apr 12 Week (Intraday) Bar 2 came down to test supply of Bar 1, and closed off its low. Price may come back down to test for supply again before moving up. Will wait for a reversal pattern, preferably at the supply line of the channel, to long. Or green/red zones cab be entry zones as well.
HSI1! 2021 Mar 29 Week Daily / H4 = bearish H1 = bullish Price came down to support last week Cognizant of the downtrend, prefer to short on test of high. Like and follow if you find this useful. Have a profitable trading week.
HSI1! 2021 Mar 15 Week Red/Green zone = preferred entry W = Bullish / D = bearish Last week' range bound within Bar1 1's low and Bar2's high provided some nice rotation play. Bar 3's upthrust was perfect for short. Not much has changed in the levels. Likely still rotation play or just maybe, we will see a breakout to the down side? Remember to Like and...
HSI1! 2021 Mar 08 Week Red/Green zone = preferred entry Grey zone = price rotation, entry opportunities on breakout of zone M / W/ D = bearish Demand was present at bar 1, however no evidence of change in trend since market is still making lower highs. Will prefer to keep on the short side. Remember to Like and Follow if you find this useful. Have a...
HSI1! 2021 Mar 01 Week Red/Green zone = preferred entry What a mighty down move from 22 Feb's alert on selling. On daily chart we see some buying, however note the low volume on buy, so let's watch on 01 Mar to see if more buy volume will come in to support. Otherwise we can see 28078-28168 as test of previous support Previous peak demand zone was at ...
HSI1! 2021 Feb 22 Week Red/Green zone = preferred entry Selling has come in at A. Would prefer to short if the highs are tested on lower volume, Target can 30% / 50% / bottom of channel. Have a good trading week ahead!
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...
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 Remember to Like and Follow if you find this useful. Have...
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 Remember to Like and Follow if you find this useful! Have a...
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...