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Hang Seng HSI

Hong Kong Stock Index (A Strong PushUP We Had)View On Hong Kong Stock Index (4 JUNE 2020) We had Extreme strong MOve UP on HSI and it was massive. So, after the Glory fade, it is normal for profit-taking to set in and it may pull back a little bit. We expect the pullback can go to as low as 25,500 regions but the overall bull move may still get pretty much sustained. So, please watch out 25,500 regions carefully. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKD
by SonicDeejay
1
Update: SELL SELL SELL!!! More on the post earlier Today. HSI now has rallied beyond the point which i have marked for few weeks as the potential turning point. We may see brief distribution between 25950-26250 for couple of sessions and then move lower. I am to remain short until it breaks above 26800. I am of a view that the rally so far this month after the passing of controversial security law is to trap the investors who were on the sidelines waiting to see how the market perceives the new law. There is 10 weeks of distribution near 24k. If it reverses, 20k may come in no time.
HKEX:HSI1!Short
by Dec0der
2
Hong Kong Index (Wheresoever you go, go with all your heart)View On Hong Kong Stock Index (4 JUNE 2020) Geopolitical tension is flaring in Hong Kong city-state and it can bring a negative impact on its Stock Market. Today is the holiday and HSI will open from tomorrow. For the past 2 weeks, it was hovering at the support region of 24,250, it shall get broken sooner or later. 23,130 region will be the next support level. So, buckle up Dorothy. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKD
by SonicDeejay
1
Breaking up with HUGE VolumeToday saw a huge surge in volume in the morning hour. Double the usual. Next few days are critical. From a bullish POV, HSI is now breaking out of a 10 week range with a high volume but to predict whether it truly is a break to the top or a trap, it is important to know what happened within the range and how the market approached the breakout. To my understanding, it was distribution(as i have been pointing out in my previous posts) and there is very little left in it. 2 possible scenarios to top out are as drawn on the chart. Triangle(Blue). Ending Diagonal(Orange). Regards
HKEX:HSI1!Short
by Dec0der
Low Volume Consolidation and a break up.As updated on 16th, selloff last week from 25255 seemed uncharacteristic of a markdown. Gaps were quickly being filled and volume in the morning hour on 3 days following the top showed minimum enthusiasm from either side. Too early to call but low volume consolidation may mean a developing triangle. I am seeing something along the lines drawn at the chart. Keep an eye on S&P. It may coincide with S&P filling the gap from Feb or making new ATH. If wrong, selloff should start in next couple of days. If so, refer to post "HSI Update" on Jun 13th for the anticipated path. Regards
HKEX:HSI1!
by Dec0der
HSI/HK50: 25% correction & best level to RELOAD/BULLS(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates HSI/HK50: 25% correction & best level to RELOAD/BULLS(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: HSI/HK50 weekly chart review ::: massive H*S setup in progress ::: 25% correction up next ::: runaway BEAR gap previously ::: signals more downside mid-term ::: PT is 19 000 within 4-10 weeks now ::: weak chart and no upside until S/R ::: right now you can only SHORT IT ::: correction can last 4-10 weeks ::: 19 000 best reload BULLS later after corr ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH
TVC:HSIShort
by ProjectSyndicate
HSI UpdateTop did come albeit 2 days late, important or not, we will know in next few days. Ideally, i would like to hv seen more distribution between 25k-26k but as pointed out in previous posts, there was high volume selling in the last move up from 22400 so it was bound to run out of gas real soon. Pullbacks should be capped below 24500. Definitely dont want to see 24800 tested anytime soon. 22900-22400 will be key and if the markdown has started, this area needs to be quickly overcome perhaps with an acceleration gap. I am not of a view that it is the start of deflationary crash as many expect and fear. NOT YET at least. Refer to my 23 May post, "Markdown or Shakeout?" linked below. Quickly down to 20k and back to 25k-26k :D. One can dream.
HKEX:HSI1!Short
by Dec0der
Important TOP just ahead. Didn't get the pullback before run for new highs as anticipated in the last analysis but on the flip side it means very little left to distribute. A pullback would have meant more to distribute above but now it looks like a quick up and back down. We have 7 weeks of distribution mainly between 23750 - 24250(See previous posts) Without volume, the last few days may seem like a start of a strong uptrend but zoom in and it appears very much like a SL hunt. Trends can't start without first accumulation/distribution and i see very little accumulation below for it to keep going for long. Initial plan was to go short at 25300-500 but not sure if we will get there so i will look for reversal signs as soon as it gets above 24800. Target 20500 - 20000. Some news will follow real soon as always but markets only move when those who control them are ready to move.
HKEX:HSI1!Short
by Dec0der