Get started
Hang Seng Index CashHang Seng Index CashHang Seng Index Cash

Hang Seng Index Cash

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

HK50 trade ideas

Hang Seng.....Hammer candle plays out!Hello Traders, Hang Seng has made a low at 27505 on March 25 and has risen since ~ 1200 points. This move is not a clear impulse, but as long as this low is valid my view is focused on higher price on a shorthand! At the 30-minute chart you will observe the rising trend line, blue that has been touched 3-times in at last week's trading. The more often a trend line was touched, as higher is the acceptance of the one by markets participants. But what caught my eye is the fact, that there have been 3 long „bear“ candles labeled with 1-2-3. These bearish attacks occur at the mid-term trend line that connects the low on September 25 and October 30! Maybe some traders have no interest to see HS above that levels? What does it mean for short term traders? I like to see a „break“ of the high's at 29101 and 29152 on an hourly basis at minimum! Strong volume to the upside would strengthen the bullish view. On the downside a break of the possible wave ((iv)) low could bring more bearish view into play. Have a great Sunday.... Ruebennase Feel free to ask anytime! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
1
Hang Seng.....Typicall reversal pattern!Hello Traders, Hang Seng topped on the week of February 16 at 31183 (intraday high) and shows a corrective setback to 27505 (intraday low) on March 27. Closing low was at 28336! Note this important level. The following candle is a „bullish-engulfing“, a good buying chance and a possible reversal in trend has occurred! The daily chart shows a typical reversal pattern. Price declined to the possible wave ((iv)) ow with a gap-down, but closed the day in positive territory. The next day opened with a gap-up, what is a bullish sign and since, price has risen to 28938. So the level to watch is at 27505! In the bullish case, HS will rise to 29575 are in the coming days, as long as the low at 28043 is valid. Declining below this area would open the door to 27505 and a break of it, will bring more bearish potential into focus. Have a great Easter weekend.... Ruebennase Feel free to ask anytime! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
1
Are we in a bear market yet ?I love reading the news , in fact I do it daily either from the TV at night or from online news portal. But, I also sieve out the noises from the crowd and that is so important as it can whack your emotions into a roller coaster and cause undue stress, panick attack and cause you to take illogical decisions, like selling when there is a draw down. A bear market in technical terms mean it has drop 20% or more from the peak in its share price. So, we look at HSI, we are currently less than 10% fall only. And it is still in the bullish trend. One thing I have learnt the hard way is not to outsmart the market by predicting what moves it will make. By that, I mean assuming it is going to break down from the bullish trend line and shorting , hoping to get in at a higher price and maximise profits. The question is ;WHAT IF it does not break down and reverse the trend instead ? With a few trades like this, you could easily burn your portfolio and sets you in a negative state, which is what we do not want. So how ? JUST WAIT for the market to tell you what it is going to do. If it breaks down the support of 28, 273, that will be pretty convincing to take a short if I want to. (You always have a choice). Then, the price may tumble to say 26,751 and rebound or continue to break down further (as shown by the red arrows in the chart) If someone puts a knife at my neck and asked me to take a bet, I would predict it is going to be bullish in the medium to long term with a profit target of 32,000 or more. How long will it takes to reach there ? I dunno. Will it reach there ? I also dunno . All I know is to stay calm, trade what you see and see what you trade.
TVC:HSILong
by dchua1969
2
Hang Seng.....Back to a wave 4 level! And now?Hello Traders, Hang Seng made a high on February 16 at 31183 with an intraday peak and on 30644.74 on a closing basis. Since then, HS has declined to new lows at 28326 (intraday) and 28497.39 on a closing price today! Price have declined to a wave ((iv)) level and this is often a target for a corrective setback! So, on a short term view, it could be, that we have seen a first leg of a decline that has ended today. On the hourly chart, you will take notice of the „Hammer-candle“, a reversal-candle as it's best! As long as the low of this candle (@ 28376.22) is valid it is possible for HS to rise higher in the coming hours. One area for that reversal should be the high and the „kick-off“ of the sell-off candle today, at 28571.05! Notice, that traders who sold HS at this level have a high interest to hold price below that level. So it could be a „hard fight“ ahead in the coming hours for that level! On the other hand. Any decline below today's low at 28376 would bring a lower price in the coming hours, `cause the best sell-signal is a failed buy-signal! A first stop could be at 28130 area and below to 277xx levels. Only an advance above the possible wave (c) high at 29596 could clear the view for the bulls. Have a great week..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Hong Kong Stock Index (Ready for the another leg UP?)View On Hong Kong Stock Index (12 Mar 2021) We are seeing some strength coming back in the HK and it will use 28,000~28,750 as support region. Once the current resistant of 29400~29500 is broken, it shall rise a lot higher. 29,750~30,000 will be the next. Cheers. 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
Hang Seng.....Mixed picture!Hello Traders, Hang Seng has made a new high at 29550 on March 12, but it failed to exceed this advance. Instead, it reversed direction of the short term trend and made new lows at 28739.73 today. At this level, it met the low on March 10. While the move from the possible wave ((iv)) low is a“three-up“, the trend seams to be down, with new lows ahead. A decline below the blue trend line would open the door to lower price still. A first target should be around 28055, the high on February 17, 2020! An advance above the March 12 high opens the door to 30K points, with more bullish potential ahead. Be patient these days. If the discussion for higher rates (at US) will return to the floor, a quick and sharp move to the downside is possible. Have a great weekend..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk.
TVC:HSI
by ruebennase
Hang Seng Index - Supply & Demand AnalysisRecently Hang Seng Index reversed on a strong monthly Supply Zone finishing it's external bullish cycle The price decided make an external bearish cycle.. now it's advised to SELL at long term basis. Next destinations: A) DEMAND (26908.14 - 26021.63) Here price need to decide: if reverse in order to back to SUPPLY (32004.32 - 31126.20) OR BREAKOUT , retest and go to next DEMAND (23622.97 - 23204.17) B) DEMAND (23622.97 - 23204.17) Final external bearish cycle destination Enjoy the Profits!
TVC:HSIShort
by eldes
Hong Kong Budget 2020/21 and HSIWill this budget help push the HSI higher ? Currently, HSi is now at the resistance zone where it was last visited at 18 June 2018. Profit taking is the theme now with many indices like Nasdaq, SPX500, DJIA , etc tumbling down. There is news that interest rates is going to spike but personally, I think that is overblown.... With unemployment remaining high in HK, people forced to stay home, the entrepreneurial spirits of the Hong Kong people will create more online businesses, imo. I believe the freelance markets not only in HK but globally will increase tremendously and change the employment landscape. Imagine being retrenched at this time and with many companies not hiring, you will be forced to think out of the box to find an income. Food delivery , private hiring, home baking, to name a few will be popular as it relatively easy to start. So long as one is willing to put in the hours, the money is there ! Others can tap on the ecommerce market to sell things online from handicrafts to promoting their services. I will wait for the pullback to complete before adding more.
TVC:HSILong
by dchua1969
1
Hang Seng.....All of wave ((iv))?Hello Traders, Hang Seng has made a new low at 28957.31 yesterday. It nearly touched the uprising trend line, which connects the highs of waves (i) and the low of waves (iv) and bounced today within a 784.56 points advance to 29880 on a closing price. The low at 28957 is either all of wave ((iv)) or it is wave (a) of ((iv))! In the latter case, today's advance is part of wave (b) what can develop into a flat or a variation thereof. Note that the pattern of the correction between waves ((i)) and ((ii)) took the shape of an „expanding flat“. Following the rules of alternation, it could be that a flat or a triangle is under construction! At the bullish case, it needs to pop above the high at 31183.36 to clear the view and judge that wave ((v)) is underway. Have a great week..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
2