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Hangsengtrading

HANG SENG: Buy signal on the bottom of the Channel Down.Hang Seng got rejected on the 1D MA50 two weeks ago and is headed again to the bottom of the Channel Down pattern. The 1D timeframe turned red again on its technical outlook (RSI = 41.280, MACD = -221.700, ADX = 20.498) and this is becoming a buy opportunity again. Every prior rise inside this Channel Down has been at least +10.90% so the one that started on the August 22nd low isn't technically completed. Buy and attempt contact with the 1D MA200 (TP = 19,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
HKEX:HSI1!Long
by InvestingScope
1
HANG SENG: Inverted Head and Shoulders aiming for the 2021 High.Hang Seng is supported on the 1W MA50 with technicals both on the 1D and 1W time-frames (RSI = 51.130, MACD = 75.500, ADX = 25.377) neutral. This shows the high accumulation effect that is taking place as the huge Inverted Head and Shoulders pattern (whose Head formed the October bottom) is near to complete the Right Shoulder. Even though there are several Resistances on the way to the February 2021 High (R4 = 31,160), Inverted Head and Shoulders patterns technically target Fibonacci 2.0 from the neckline and that is at 30,900, just a fraction under the 2021 High. The action now is a buy (TP = 30,900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
HKEX:HSI1!Long
by InvestingScope
5
Hang Seng: Wait for It… ☝️Hang Seng is still busy in the magenta-colored zone between 20 867 and 18 707 points. On the one hand, the index has slowed the descent and could very well have completed wave (4) in magenta by now, readying itself to take off. After all, the requirements for the current movement’s conclusion have already been met by touching at the magenta-colored zone. On the other hand, Hang Seng still has got some room to expand wave (4) a bit deeper and could indeed make use of the whole magenta-colored zone. As soon as this low is established, though, the index should turn upwards and climb above the resistance at 22 798 points. However, there is a 36% chance that Hang Seng could develop wave alt.A and alt.B in turquoise first, the latter leading it out of the magenta-colored zone. In that case, wave alt.C should push the index back down into this area, where it should finish wave alt.(4) in magenta as well before moving northwards again.
HKEX:HSI1!
by MarketIntel
1
HSI1! 2021 Sep 27 WeekHSI1! HSI1! 2021 Sep 27 Week Rejection at about 24587, the 50% of the Feb 2016 - Jan 2018 uptrend provided short opportunity, besides rejection at previous H3 UHV bar high 24718. Weekly: Down bar closing off low, a little demand, but no signs of strength. Weakness expected to continue. Daily: Weakness. The last 2nd and 3rd bar appeared as bearish reversal, last bar is down bar closing at low. H3: The most recent UHV bar A, buying effort but spread was narrow and market fell informed us of weakness. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 2021 Aug 30 Week HSI1! HSI1! 2021 Aug 30 Week Last week's long preference worked well. 24306 was a previous high demand area, will buyers come in to support should price reach there? Daily: No Demand tiny spread, background = lower high. Last 2nd and 3rd bar effort not result for the bears. H4: 20 - 25 Aug we see the highest bullish volume emerged on the background of this downtrend. Also a spring in the 24780 - 26900 range. Prefer to long on test of low. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: - 26900 - 26584 - 25955 - 25682 - 25330 - 24780 - 24306 Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
HSI1! 10 May 2021 Week (Intraday) HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand line of a previous channel (grey) acted as a resistance with the highs tracing that line. Will market attempt to return to previous channel? Scenario: If 28663 is accepted, price may attempt 29820. Else we may again see green zone as price target. Have a good trading week ahead.
HKEX:HSI1!
by paradox677