HKEX bias remains negative.HS50 - 24h expiry - We look to Sell at 19635 (stop at 19901)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The medium term bias remains bearish.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 19635 level.
Our profit targets will be 18865 and 17710
Resistance: 19650 / 20850 / 22790
Support: 18680 / 17710 / 16320
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Hkex
HK33 looking for a limited rally?HS50 - 24h expiry - We look to Sell at 19820 (stop at 20150)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The medium term bias remains bearish.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 19820 level.
Our profit targets will be 18880 and 18680
Resistance: 19650 / 20850 / 22790
Support: 18680 / 17710 / 16330
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HKEX to extend its losses?HS50 - 24h expiry - We look to Sell a break of 19635 (stop at 19860)
Selling posted in Asia.
Selling pressure dominated price action yesterday and we expect this to continue today.
Previous support located at 19635.
The medium term bias remains bearish.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 19635, resulting in improved risk/reward.
Our profit targets will be 18985 and 18680
Resistance: 20850 / 22790 / 23640
Support: 18680 / 17710 / 16340
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HKEX to see a limited rally?HS50 - 24h expiry - We look to Sell at 21020 (stop at 21245)
Buying pressure from 20525 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 21020 level.
Our profit targets will be 20455 and 20355
Resistance: 20880 / 22590 / 24770
Support: 19525 / 18580 / 17630
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
HKEX to see early pessimism?HS50 - 24h expiry - We look to Buy at 20900 (stop at 20670)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 21555 and 22590
Resistance: 22590 / 24770 / 27550
Support: 20875 / 19525 / 18580
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
HKEX close to find support after mild selloff.HS50 - 24h expiry - We look to Buy at 21810 (stop at 21635)
We are trading at oversold extremes.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Preferred trade is to buy on dips.
Our profit targets will be 22265 and 22590
Resistance: 22590 / 24770 / 27550
Support: 20870 / 19525 / 18580
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
HKEX dips continue to attract.HS50 - 24h expiry - We look to Buy at 21405 (stop at 21180)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The medium term bias remains bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 22040 and 22145
Resistance: 22590 / 24770 / 27550
Support: 20875 / 19525 / 18580
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Fading into HS50 negative trend.HS50 - 21h expiry - We look to Sell at 19475 (stop at 19795)
We are trading at overbought extremes. A Doji style candle has been posted from the high.
Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 19475 level.
Our profit targets will be 18675 and 18540
Resistance: 19480 / 20635 / 22510
Support: 18540 / 17605 / 16450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
COVID Zero Softening ? $BABAI'm following $BABA since a while for now and I think that is one of the biggest companies in the sector. China has a lot a potencial but we have to achive some millestones before we breakout this endless falling we're suffering. I'm LONG $BABA from this point. Perhaps until 85$ where the POC developes.
Buying HS50 at current support.HS50 - 22h expiry - We look to Buy at 17450 (stop at 17115)
Buying pressure from 17289 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 17450 level.
Our profit targets will be 18395 and 18485
Resistance: 18540 / 19480 / 20635
Support: 17605 / 16450 / 14580
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
2018.HKEX_Bearish Breakdown Trade_ShortENTRY: 13.68
SL: 15.16
TP: 11.18
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Stoch RSI near 70 and dipping down.
- Entry based on today breakdown from range and >3% rebound off 10EMA with volume.
- Need to watch out for earning results which is approaching
Chinese Real Estate Large Cap IndexThis is an updated version of my previous "Evergrande + others" chart of Chinese real estate. Instead of including some smaller companies with longer price history, this focuses on large market cap companies. I weighted the prices against each other equally by their 42 day average, and then weighted that by the market cap:
1. Sun Hung Kai Properties (0016) HKD 268.5 billion -2.06% Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It...See Company Profile HKD
2. China Overseas Land & Investment (0688) HKD 252.28 billion 24.86% China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury...See Company Profile HKD
3. China Resources Land (1109) HKD 245.3 billion 4.88% China Resources Land Limited, an investment holding company, invests, develops, manages, and sells properties in the Peoples Republic of China....See Company Profile HKD
4. China Vanke Co. (2202) HKD 235.54 billion -11.14% China Vanke Co., Ltd., a real-estate company, develops and sells properties in the Peoples Republic of China. The company operates through...See Company Profile HKD
5. CK Asset (1113) HKD 202.95 billion 13.53% CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe,...See Company Profile HKD
6. Longfor (0960) HKD 177.07 billion -20.57% Longfor Group Holdings Limited, an investment holding company, engages in property development, investment, and management businesses in China....See Company Profile HKD
7. Sino Land Co. (0083) HKD 91.07 billion 21.52% Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. It operates through six...See Company Profile HKD
8. Country Garden Co. (2007) HKD 80.22 billion -49.28% Country Garden Holdings Company Limited, an investment holding company, invests, develops, and constructs real estae properties primarily in...See Company Profile HKD
9. Greentown China (3900) HKD 40.51 billion 28.98% Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China. It operates...See Company Profile HKD
10. Yuexiu Property Co. (0123) HKD 29.82 billion 40 .17% Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong...See Company Profile HKD
source: fknol.com
(Unfortunately they no longer sort by market cap by default. To view it you'll have to sign up for fknol's terrible website.)
Here was the logic I used:
'a' = 42 day price average.
'b' = adjust b based on the market cap. if the market cap is larger, c gets smaller, market cap smaller, c larger.
Market....a=42D_AVG.....b=a/Market_Cap_Billions
---------------------------------------------------------------------------------------------
0016.......94.14................0.3506
0688.......21.49................0.08518
1109.......35.14................0.1433
2202.......18.51................0.07858
1113.......51.73................0.2549
0960.......37.36................0.211
0083.......0.3542..............0.003889
2007.......5.662................0.07058
3900.......13.34................0.3293
0123.......0.09548............0.003202
(I had to fill in the table with dots so it would show correctly.)
Now, for each row, take each market and divide by 'b':
'market1'/b1 + 'market2'/b2 + ... :
'0016'/0.3506+'0688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'0960'/0.211+'0083'/0.003889+'2007'/0.07058+'3900'/0.3293+'0123'/0.003202
You can also exclude the second column, skip computing 'b', and instead divide the price by 'a' and you would have a 42 day average price weighted index. Dividing a price by an average would normalize it near 1, weighting each price equally.
Does it make sense? Thanks for taking a look!
Misc. Analysis:
Total valuation, going by the info, is roughly 1623.26 billion HKD , which is ~200 billion USD. This is not an unusually large amount, but the importance of these companies is far beyond their numerical market cap. Chinese citizens and companies purchase properties around the world, so I think this price action goes hand in hand with global real estate, possibly with this index as a leading indicator. A large global surplus of buyers in the last few decades has pushed real estate prices everywhere to unreasonable levels and now there is a deficit of buyers. Any serious bailout will distort prices and at some point it's possible that the price action becomes useless. The CCP owns a piece of every company already so I think this would be the more probable route.
Good luck and don't forget to hedge your bets!
Chinese Real Estate Large Cap Custom Index v2Just a quick update of the last chart I posted, which had a bug. These stocks:
'0123'
'0083'
refer to Malaysian stocks, but these stocks:
'123'
'83'
are the symbols we want.
Here is the updated index for your usage:
'16'/0.3506+'688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'960'/0.211+'83'/0.1272+'2007'/0.07058+'3900'/0.3293+'123'/0.3196
See here for more discussion:
Thanks for taking a look!
Chinese Real Estate -8% TodayJust FYI, an equally price-weighted basket of large Chinese real estate companies is down 8% today. Rumor is going around lots of companies in this sector are not paying interest payments and are on the verge of default. Maybe it could spill over into global markets? Dare I say it could be an outbreak in the market flu?
These companies are much larger than Enron. Evergrande (HKEX:3333) by itself has 120,000 employees, about 6 times as many as Enron had. Maybe something to think about.
Here is the symbol if you want to view it yourself:
'1918'/2.912+'0960'/2.862+'2202'/2.623+'2777'/1.112+'3333'/1.527+'2007'
I hope this was somehow useful. Good luck and don't forget to hedge your bets!
Jamie Gun2Head - Selling HK50Trade Idea: Selling Hang Seng
Reasoning: 50% fib sell on Hang Seng
Entry Level: 21082
Take Profit Level: 20597
Stop Loss: 21195
Risk/Reward: 4.29:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Tencent Holdings Ltd. (700-HK, BUY)1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400
HKEX:700
We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game revenue grew 8% CC y/y (vs. +24% in 4Q, excluding onetime accounting adjustments), accounting for 24% (flat y/y) of total game revenue. Advertising revenue took the biggest hit from COVID lockdowns and declined 18% y/y (vs. -13% in 4Q). FinTech+Cloud growth also decelerated to +10% y/y (vs. +25% in 4Q). On the last earnings call, mgmt. indicated a recovery could happen in 2H. But given the prolonged lockdowns in some cities including Shanghai and the weakness in recent macro data, we think the recovery will be further relayed to 4Q. In 1Q, the company repurchased 8,864,400 shares for approximately HKD3,697 million.
Overall, while the operating environment will likely remain challenging in the near term, we believe that, with strong operating cash flow, Tencent is better positioned to take the opportunity to build around its long-term strategic areas such as int'l games, Video Accounts, and SaaS offerings. Moreover, while it will take time to see the benefits, the Chinese government is easing regulations for the digital economy, which should give investors more confidence in the sector
HSI1! 2022 MAR 14 Week
HSI1! 2022 MAR 14 Week
With the break of 21000, next level to test will be
18XXX region.
Weekly: High volume down bar closing at low = weakness
Daily: High volume down bar closing at low = weakness
H4: Low vol down bar closing at low =
weakness
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 MAR 07 Week
HSI1! 2022 MAR 07 Week
Lat week market broke 22389 support and headeed
to 2000's high volume region. Should 21000
support be broken, it may see 18000 region
Weekly: Ave vol down bar closing at low = weakness
Daily: Ave vol down bar closing at low = weakness
H4: Average vol down bar closing off low =
some demand
Entry will be based off the price reaction to levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 28 Week
HSI1! 2022 FEB 28 Week
Short preference last week proved very fruitful.
The spring over the last daily bar shows rejection
of lower prices and demand overcoming supply (D/S).
Scenarios:
1) Long on dip opportunity in the 22389-23000 region
as temporary strength returns
2) Should Support 22389 fail, short opportunity on test
of break down area to next demand region
Weekly: High volume down bar closing off low = strength
Daily: Average volume down bar closing at high = strength
H4: Average volume shakeout bar closing at high = strength
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 21 Week
HSI1! 2022 FEB 21 Week
Again at 24140 support
if this is a formation of a new zone 25244 - 23304, would
exoect market to test 23304
As such preference will be to short on retracement, and
also at the failure of 24140 support.
Weekly: Average volume down bar closing at low
(also appearing like reversal bars) = weakness
Daily: Average volume down bar closing on low = weakness
H4: No result from bullish volume = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 14 Week
HSI1! 2022 FEB 14 Week
Market tested again previous supply area.
- No higher high was made
- No commitment as market nears recent high.
Temporary weakness expected for long opportunity
on retracement.
Weekly: Average volume up bar closing off high = weakness
Daily: Average volume down bar closing on low = weakness
H4: Temporary weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2022 FEB 07 Week
HSI1! 2022 FEB 07 Week
Temporary weakness expected as market is resisted at 24600.
Preference is to long on retracement.
Weekly: Very Low Volume up bar closing near high = weakness
Daily: Very low volume up bar closing near high = weakness
H4: Temporary weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )