will the movement has memory to follow its old path?20Feb25 ** Hong Kong's benchmark Hang Seng Index (HSI) declined 1.6%, dragged by a sharp correction in technology stocks.
HSI:HSI
20Feb25 - (4H)
21Feb25 (4H)
⏰ ⏰ ⏰
Trade with cautious.
Since the goldencross formed week of 3Feb25 - the index had soared 908pts, +4.49%
The following week; week of 10Feb2025 - another +1486pts +7.04%
For the past two weeks the index had a small bull run of 2543pts; 12.7%
If history repeat, then HSI need a break after consecutive two weeks of climbing. If you see what I see.
The next strong resistance will be the last Oct2024 Hi at 23241. Let's see if today the volume and market sentiment able to break this then is likely to retrace back.
KDJ - The D chart - at overbought and red zone and now turning to red bearish zone.
Look at the 4H chart
PEPPERSTONE:HK50
Overnight the HK50 had touched and broke 23241 and retrace back.
Let's monitor if today there is chance for HSI to break the last Oct Hi.
MACD - above zero level - Bullish zone reversal from deadcross formed earlier and now with light red inverted histogram.
KDJ - Turned Bullish
BB - returning to upper BB channel
Today Trade Plan:
Buy into support : 22850 - 23000 (TP/SL at 22580)
Sell at resistance : 23250 - 23300 (TP/SL at 23200)
Look at the 1H chart.
Be cautious and pay attention. KDJ still ranging bearish zone although the MACD is within Bullish level but with light histo i.e low volume.
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.
Happy Trading everyone!
Reminder : start to accumulate China & HKG for the potential upside for the year! Today retracement is a good entry point.
HKEX:2800 HKEX:2823 HKEX:2801 HKEX:3067
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Hang Seng HSI
HANG SENG This rally isn't over yet.Hang Seng (HSI1!) has been trading within a Bullish Megaphone for the past 13 months and since the 1D MA200 (orange trend-line) rebound on January 13 2025, it is unfolding the new Bullish Leg.
The previous two both went on to price a Higher High on the 3.0 Fibonacci extension. If this holds on this sequence too, then we are looking for a 27,500 Target price as the new top of the Bullish Megaphone.
Notice also how a 1W Bullish Cross always comes to confirm the new Bullish Leg shortly after the bottom is priced.
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aiyerr...indeed acrophobia!www.tradingview.com
Hello everyone! the 'sesame door' seems did not fully open 🔓
😂 😂 😂
⏰⏰⏰Cautious!! it open Lo and sellers volume overpower buyers.
HSI:HSI
D chart on HSI
The next strong resistance will be the last Oct2024 Hi at 23241. - It's seems need more booster to reach.
How far to reach the ATH from today? from previous post as predicted it's not that far! - So close yet so far.
We definitely be there this week! --- never time the market we react according to how it moves. This seems unlikely to happen this week unless the sesame door open! 😂
From the soar early this week, today seems facing strong selling for profit taking.
KDJ - is at overbought and red zone and now turning to red bearish zone.
PEPPERSTONE:HK50
Look at the 4H chart
MACD - above zero level - Bullish zone but deadcross formed and curving down.
KDJ - Bearish mode continues.
BB - entering lower BB channel and ranging at lower BB.
Today Trade Plan:
Buy into support : 22310 - 22450
Sell at resistance : 22677-22700
Look at the 1H chart.
⏰ Be cautious and pay attention to the reversal to enter for higher chance winning trade!
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.
Happy Trading everyone!
Reminder : start to accumulate China & HKG for the potential upside for the year! Today retracement is a good entry point.
HKEX:2800 HKEX:2823 HKEX:2801 HKEX:3067
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CHINA GOING FOR IT! Until Christmas? #BlowoffTop and Recession!Breakout and retest for RSI, China breakingout after 6 long years.
This will have implications on every market, they were waiting for the FED to pull the trigger and now they can go. Game on!
#JD is going, Commoditties will go for it, except #oil maybe.
But more important, #Bitcoin will have the #BLOWOFFTOP I was looking for.
That´s the News GOODS...
The BAD News is, Recession or Crisis after it. December or March 25´as late.
Is the handshake with magic lantern signal the 'open sesame'?Hello everyone have you found your magic🏮 yet?
😂 😂 😂
Retracement is healthy for continuous bullish mode.
HSI:HSI
D chart on HSI
As mentioned before :-The next strong resistance will be the last Oct2024 Hi at 23241.
How far to reach the ATH from today? from previous post as predicted it's not that far!
We definitely be there this week!
From the soar early this week, today expecting a pullback in order to retest the Hi.
KDJ - is at overbought and red zone.
Look at the 4H chart
PEPPERSTONE:HK50
MACD - bullish zone
KDJ - now at overbought and retracement mode (bearish mode)
BB - Index continue trading above BB midline and stay within upper BB channel. Be cautious and it could retrace to lower BB range.
Today Trade Plan:
Buy into support : 22550 - 22665 (key support level for 1H Chart)
Sell at resistance : 22800 -22890
Look at the 1H chart.
MACD : it is still at bullish zone but cautious if its not above stay above the support level and might break below zero line and turned bearish.
KDJ : retraced completed and reversal from oversold zone turning into green.
BB : start coming down trade range at lower BB range. Potential for accumulation and easy win when it hit the bottom of lower BB.
Lower BB : Today support level should be at 22475- 22570 (to continue bullish it needs to stay above this level)
Resistance : 22900-23000
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.
Happy Trading everyone!
Hope you found your magic🏮, rub it and whisper your own "open sesame" phrase and boom!
www.straitstimes.com
Reminder : still early and start to accumulate China & HKG for the potential upside for the year!
HKEX:2800 HKEX:2823 HKEX:2801 HKEX:3067
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Acrophobia? or climbing higher?Are you acrophobia?
Hello everyone, the blossom of HSI is around the corner
HSI:HSI
D chart on HSI
As mentioned before :-The next strong resistance will be the last Oct2024 Hi at 23241.
How far to reach the ATH from today? from previous post as predicted it's not that far!
We definitely be there this week!
Look at the 4H chart
PEPPERSTONE:HK50
MACD - bullish zone
KDJ - Bullish
BB - Index continue trading above BB midline and stay at upper BB channel.
Today Trade Plan:
Buy into support : 22500-22600
Sell at resistance : 23100 -23300 (the last Oct 2024 Hi - 23241)
Look at the 1H chart.
MACD formed GoldenCross again!
KDJ also is at bullish green zone and at bullish level.
BB : above upper BB 22630 - 22950
Lower BB : Today support level should be at 22500 (to continue the rally needs to stay above this level)
Resistance : 23100-23300
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.
Happy Trading everyone!
Start to accumulate China & HKG for the potential upside for the year!
HKEX:2801 HKEX:2800 HKEX:2823
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China stocks ready to go? #DeepSeek another reason..This is a chart of the benchmark index for Hong Kong - HK50
It's up on Monday, while Nvidia is down 10+%
If funds are flowing out of Nvidia - China (home of DeepSeek) could be one place they end up.
The Hang Seng is a perfect example of how long a trend can take to reverse.
How many times would traders have tried to go long this index only to see it slump right back towards the bottom?
Now while this trend reversal might be delayed further - and might fail altogether - we think there is enough evidence to suggest a reversal is happening.
The price is above a rising weekly 30 week SMA
A long term trendline has broken
Crucially - the price made a double bottom pattern around 15,000
DAILY CHART
On the daily chart we see the strong surge in buying interest from September has given way to a long multi-month correction.
We are looking for a breakout above the down trendline to demonstrate the correction has finished and a new up-leg is beginning.
The final confirmation would come from a break of resistance (not drawn) from the November and December highs at 21,350.
Should the price turn lower and make a new fractal low under 19,650 then we’ll have to wait a bit longer for the Hang Seng trend reversal.
But - as always - that’s just how the team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
keep climbing after a short rest!TGIF everyone & Happy V day! HSI continue sending love 📦 & 💷 to who pay attention to it!
HSI:HSI
D chart on HSI
The next strong resistance will be the last Oct2024 Hi at 23241.
How far to reach the ATH from today? Estimated : 1061pts to go (~4.79%); is not that far!
Expecting and allow some retreat a healthy pullback these two weeks.
Look at the 4H chart
PEPPERSTONE:HK50
MACD - now at bullish zone with inverted red histogram.
KDJ - Bearish zone and likely to reverse.
BB - Index continue trading above BB midline and stay at upper BB channel.
Today Trade Plan:
Buy into support : 21090-22000
Sell at resistance : 22230-22300
(trade range : 301pts; ~1.37%)
Look at the 1H chart.
MACD formed GoldenCross this morning.
KDJ also is at bullish green zone and at bullish level (after yesterday pullback and reverse from oversold zone)
BB : above upper BB 21930 - 22300
Lower BB : 21910 ( today support level should be at 21600)
Resistance : 22200 (if breaks then to retest the next resistance at 22545 then 22770)
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.
Happy Trading everyone!
Wishing everyone a good weekend ahead.
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Chinese Stocks Decline Amid Tariff ThreatsChinese Stocks Decline Amid Tariff Threats
According to Bloomberg, President Donald Trump raised the possibility of imposing tariffs on China during his second day in office.
“We’re considering a 10% tariff on China,” Trump announced during a White House event on Tuesday, indicating February 1 as a potential start date.
During his election campaign, Trump had mentioned tariffs as high as 60%, and the prospect of transitioning from campaign rhetoric to real action is driving bearish sentiment.
According to the technical analysis of the Hang Seng Index (Hong Kong 50 on FXOpen), price fluctuations have been forming a downward trend since October. The formation of the 2025 peak (indicated with an arrow) signals bearish tendencies, as the price failed to hold above:
→ The previous high from December, near 20,210, indicating a false breakout.
→ The psychological level of 20,000.
If Trump follows through on his promises, it is reasonable to anticipate that bears may take control of lower levels in the coming sessions.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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still figuring out the moves? PEPPERSTONE:HK50
HSI:HSI
Happy Friday everyone!
www.tradingview.com
The Hang Seng fell 39 points or 0.2% to end at 19,241 on Thursday after trading modestly higher in the morning, with eventual losses in financials and property.
Is the news helping? News is distraction. 😂
4H chart
Both MACD & KDJ are on the divergence.
MACD - remained at bearish zone, line still arcing. But crossing up. Good sign.
KDJ - remained in bullish green zone, indicating uptrend signal.
Cross-checked with broader tf chart - D chart. It's still at oversold zone ,below 80 for KDJ and MACD below zero level.
1H chart the Index is dancing within very narrow range for today.
Support : 19130 (if breaks then next 19070)
Resistance :19375 (if breaks then 19450, then 19650)
MACD - closing to touch zero line trying to breakthrough but with the red histogram it looks likely dipping down.
KDJ - in bearish zone. It may be divergence signal that on the oversold area and could see a rebound.
For day trade: Same strategy, sell at resistance (19371); buy/TP at support (19070 strong support level; then 18910). Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Sticktoyourplan follow your trading strategy.
Trading to make pocket money isn't that challenging and it can be boring but you can make it fun and zen with it.
Let's follow our own strategy and zen with 📙 and 🍵 to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating.
Rememeber to allocate some of your gained pocket money for long term assets investment.
Is end of the full trading week for 2025.
Got your trade plan ready for 2025, or are you still figuring out your moves?
Think of it like prepping for a wild night out—plan your entry, know your exits, and avoid getting caught in the wrong crowd (aka bad trades).
Share your ideas and goals with fellow market party animals, hype each other up, and sharpen your skills with regular practice. Let’s make this trading year a VIP experience!
Happy Trading Everyone!
HK2359 Bullish Wave 3In the second half of 2024, the stock accumulated energy and cooperated with the policy to make a beautiful rise, and then fell back to the 0.382 Fibonacci retracement line and fluctuated repeatedly. I believe the next wave of rise is coming!
I will buy intraday, the yellow line is the support level, about 51.1 (this is a relatively safe entry price), and the first target profit stop level is 72.45 (Fibonacci retracement line 1.000)
I am very optimistic about this stock. When there is a decline, I will give priority to replenishing positions at the 0.382 Fibonacci retracement line instead of leaving the market quickly
Hang Seng Index H1 | Falling to overlap supportThe Hang Seng Index (HKG33) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 19,905.23 which is an overlap support that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 19,540.00 which is a level that sits under a multi-swing-low support.
Take profit is at 20,522.59 which is a multi-swing-high resistance that aligns close to the 50.0% Fibonacci retracement.
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HSI Index Falls Amid Disappointing Chinese Economic DataHSI Index Falls Amid Disappointing Chinese Economic Data
On Tuesday, Hong Kong's HSI index (traded as Hong Kong 50 on FXOpen) declined, erasing gains from the previous session due to worsening market sentiment following the release of disappointing Chinese economic data for November. As reported by the media:
→ China's export growth slowed to 6.7% year-on-year, falling short of the forecasted 8.5%, according to a Reuters survey. This marks a significant deceleration compared to the 12.7% growth recorded in October.
→ Additionally, Chinese imports contracted, decreasing by 3.9% year-on-year in November, further deteriorating from the 2.3% decline seen in the previous month.
These figures have heightened concerns about the state of China’s economy, with consumer demand remaining weak amid the potential for tariff increases under the Trump administration.
Technical analysis of the Hong Kong HSI Index chart (Hong Kong 50 on FXOpen) reveals that price action throughout 2024 has established an ascending channel (illustrated in blue).
Notably:
→ The median line of the channel has previously acted as a "magnet" for price (highlighted with a blue oval), typically indicating equilibrium between supply and demand.
→ However, as marked with an arrow, it has recently acted as resistance, turning the price downward this week.
This sharp shift in sentiment suggests that the HSI index value (Hong Kong 50 on FXOpen) could retreat to the previous consolidation zone between the 19,000–19,700 levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Hang Seng Index Primed for a 20% RallyThe Hang Seng Index is rebounding off its 61.8% Fibonacci retracement level following an ABC correction, a classic technical setup indicating a potential trend reversal. This bounce suggests the beginning of the next bullish wave, with the potential to climb by up to 20%.
SHOCKING! 40% tariffs on Chinese imports!According to a survey of economists by Reuters, the U.S. is considering imposing nearly 40% tariffs on Chinese imports early next year. Such measures could slow the growth of the world’s second-largest economy by 1%. Economists polled by the publication, both Democrats and Republicans, believe these changes will trigger massive disruptions in the U.S. and global economies, surpassing the impact of the trade wars during Trump’s first term. They warn this could ignite a “global trade war.”
During his presidential campaign, Donald Trump promised significant tariffs on Chinese goods as part of his “America First” trade policy. These potential tariffs, much higher than the 7.5%-25% rates of his first term, come at a vulnerable time for China’s economy, which is grappling with a prolonged real estate slump, debt risks, and weak domestic demand. Most economists predict Trump will impose the tariffs in early 2025, with an average estimate of 38% and projections ranging from 15% to 60%. These tariffs are expected to reduce China’s economic growth in 2025 by about 0.5-1.0 percentage points.
What could Trump’s policy lead to?
Chinese indexes: Chinese stock indexes like #ChinaA50 and the Hang Seng Index (#HSI) are expected to face downward pressure.
Chinese corporations: Key sectors such as electronics, automotive, and textiles—heavily reliant on exports to the U.S.—are likely to suffer the most. Major Chinese corporations, including #Alibaba and other leading players, could see their stock values decline. U.S. Indexes: American indexes like #SP500 and Dow Jones (#DJI30) might experience short-term volatility. Tariffs will raise costs for U.S. companies dependent on Chinese supplies, such as those in tech, automotive, and consumer goods sectors—companies like #Apple, #Tesla, and #Nike may face increased production costs. This could reduce profitability and potentially lead to stock corrections.
In the long term, however, the U.S. might benefit from the trade war, as it could boost domestic production, positively impacting American manufacturing stocks. FreshForex analysts predict a growth phase to begin in late Q1 2025 . At the same time, on November 14, investors sharply increased short positions in Asian currencies following Trump’s tariff announcements.
Heng Seng seeks rally from 61.8% fib level (7th time this year)This is purely observational, but today I noticed that Hang Seng futures have risen from a 61.8% Fibonacci level six times this year. And as the rallies have landed anywhere between 6.5% to nearly 50%, it is worth noting that it is trying to rally from it a seventh.
A 3-day bullish reversal pattern formed on Monday (morning star formation) and the daily RSI (2) was oversold on Friday. Bulls could seek dis back towards the 61.8% in anticipation of a leg higher to 20k or 20.5k over the near term.
MS
HANG SENG Patience until December for a long term buy.Hang Seng (HSI1!) made a massive bullish break-out in September as it broke above the February 2021 Lower Highs trend-line, effectively ending its Bear Cycle. This month (October) saw it getting rejected not just on the 1M MA200 (orange trend-line) but also on its 0.618 Fibonacci retracement level.
This is a key rejection as in almost 30 years, every time the price got rejected on the 0.618 Fib, it recovered on the 3rd (1M) candle after. As a result, December will give a buy signal based on this historic price action, so have patience and take a multi-month buy then.
In most of those cases, the index rebounded to the previous High, so our Target will be 30975. Notice also that the 1M MACD is rising off a Bullish Cross. When formed below the 0.0 mark, this has also been a massive buy signal.
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China A50, riding the PBOC stimulus IF the monetary stimulus keep pushing Chinese stocks, we could be building a new impulse to retest the 16,500 area. If broken, it could speed up to 20,500 points.
What I find positive: lots of shorts still pressing the price to the downside, that could be gone if the price squeezed to the upside.
What I find negative: movement has been too fast, no rise-consolidation-rise patterns.
For confirmation, breakout above 14,500 (upper Mogalef band)
Markets collapse: investors flee China!The Chinese stock market is experiencing a sharp decline following a strong rally in recent weeks. On October 8, the Hang Seng Index (#HSI on FreshForex) plummeted by 9.56%, reaching 20,893 points.
The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, dropped even further — by 10.9%. The CSI 300 Index of mainland China, which started the day with an 11% gain, ended with a nearly 8% loss.
The main reason for the drop is growing investor dissatisfaction with the lack of new economic stimulus measures from the Chinese government. Expectations were high, especially after the National Development and Reform Commission's press conference, where economic support was promised but no concrete actions were provided. This has heightened uncertainty in the market.
What has been done previously:
- In late September, the Chinese government announced plans to strengthen economic stimulus, promising fiscal injections and support for the real estate sector.
- The People's Bank of China lowered reserve requirements for banks, freeing up 1 trillion yuan ($142 billion) for the market.
- There are plans to lower mortgage rates and the down payment for second-home purchases to a record low of 15%.
Bottom line: The market is waiting for action. Given the history of sharp declines in the Chinese market, such as in 2015 when the CSI 300 Index lost 40% in two months, the Chinese government cannot afford a similar outcome and may direct efforts to strengthen investor confidence. Since mid-September, #HSI has experienced a steady bullish trend, and our analysts believe these trends could repeat.
Hang Seng Index (HSI) Drops Nearly 10% TodayHang Seng Index (HSI) Drops Nearly 10% Today
As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet.
According to Reuters, bearish sentiment was driven by uncertain statements from Chinese officials regarding economic stimulus measures. This has raised doubts in the stock market about Beijing's ability to steer the world’s second-largest economy out of its most severe downturn since the global pandemic, aiming to achieve 5% growth.
Additionally, the decline may have been accelerated by a cascade of long position closures, which were opened in mid-September when the Hang Seng Index (Hong Kong 50 on FXOpen) was in an upward trend.
Hang Seng Index Technical Analysis (Hong Kong 50 on FXOpen):
→ The upward trend (marked in blue) is still intact, although the price is now near the lower boundary, posing a real risk of a break.
→ The price failed to hold above the 22,700 level, which could act as future resistance.
→ Support may come from the psychological level of 20,000 points and the September 30 low near 20,630.
It’s possible that the lower boundary of the blue channel and the support area between 20,000 and 20,630 could help bulls offset some of today's significant decline. However, for a sustainable continuation of the upward trend on the Hang Seng Index chart (Hong Kong 50 on FXOpen), the market will need clear evidence of economic stimulus from Chinese authorities.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Is a Hang Seng Revival on the Horizon?The Hong Kong Index has faced challenging years since reaching its all-time high in 2018.
The downtrend accelerated in 2021, bringing the index to a low of around 15,000.
The subsequent reversal aligned neatly with horizontal resistance and the 50% Fibonacci retracement level, indicating that the bears were not finished yet.
Indeed, 2023 also saw a continued downtrend.
However, and this is crucial, the index did not make a new low. Instead, the decline halted at the strong 15,000 support level.
In early 2024, a significant break above the falling trend line was observed at the end of April. The correction that followed confirmed the broken trend line, suggesting that this breakout is genuine and indicates a long-term shift in trend.
September began with a higher low, followed by a powerful surge above the 20,000 level for the first time in over a year.
This sequence of events suggests the potential beginning of a long-term bull trend, with the possibility of the index reclaiming the 23,000 level by 2025.
For those looking to initiate a long-term buy position, there are two key levels to watch: 19,500, the former resistance level, and 18,500, which now serves as strong support.