HSI-Tripple confirm- 23,000 very likely Likely to hit 23,000 in 6 months time. Be patient. Longby RalphPBUpdated 111
HSI at resistance, can it hold?Big down move today due to chinese stocks getting a hit. with the property stocks bringing in the big red candle.Longby ForexTradingSchool1
hangseng shortlooking for risk entry i think there is double bottom but i'm looking for triple bottom so i'm going short because situation is kinda not clear so i'm looking for short pos always manage ur riskShortby TsuivanUpdated 1
Hang Seng.....Have we seen a significan low?Hello Traders, HangS eng made a low at 24424.74 on Friday. This low wasn't sold by traders and Investors; they bought the index, what could be a positive sign for the next days, maybe weeks ahead! As long as Friday's low is valid, there could be a countertrend-move underway. It can morph into more! Targets for this idea, are at or around the 24978-24151-15326 area. More bullish potential exist! A break of Friday's low would open the door to the support-level (green trend line) at 23700 level! Overall to speak; HS must interpret as a „bearish-market“; with a lot of risk, `cause of the acting Chinese government! It needs a break of the ~26800, level to clear the view in case, that a corrective phase in the market, lasting since the high in 2018 should come to an end! Have a great Sunday Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!by ruebennase117
My favorite and recommended Indicator introduction PART ONEGreetings, this post is to introduce some of my favorite indicator that i have used during the invesment strategy, also to thank for your following and supporting. I decided to publish these indicator in free. I choose some suitable indicator and combine them together to show you their accuracy and practicality. I hope these indicators may help to improve your investment strategy and gain the profit more steady. ======================================================================= Kindly Reminder : All of the indicators must have to be tested multiple times before you use them in your investment strategy, to prove their effectiveness and praticality for yourself. Not recommend to use these indicators directly to your investment strategy before test. None of the indicators have absolutely accuracy in trend studying, do not put 100% trust to any indicators, but always observe the change of trend and market enviroment. Please be responsible to your own investment behaviour. Thank you. ======================================================================== --------------------------------------------------------------------------------------------------------- ( 1 ) UCS_TOP & BOTTOM CANDLE This indicator quite similar as MACD but a different indicator. Red colour at the top, means uptrend; Green colour at the bottom, means downtrend. Beyond the red area means overbought, below the green part means oversold. The yellow bar in the middle means the strenght of buying and selling, more longer means the strength is more stonger. You will see some of the candle sticks in the chart turn green colour, it shows you the candle that is turn signal of up trend and downtrend. When the blue line and red line cross over and the blue line above red line, that is uptrend. Red line above blue line and go down, is down trend. My favorite level :★★★★☆ Pratical level :★★★★☆ My comments : You can easily to catch the moment to buy in and sell out. Maybe it will be at least one day delay but still majority accurate to the trend. However, if you want to use it for the Index trend like Hang Seng Index, SPX500, Bursa Malaysia or etc, the accuracy of the trend could probably only 65% and is NOT RECOMMENDED to use this indicator alone to the Index trend. You may see the result by my Hang Seng Index Chart You have to combine more indicator with it to increase its accuracy. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator. But, it is still a nice indicator for the steady trend and common share trending. --------------------------------------------------------------------------------------------------------- ( 2 ) SSL_HYBRID There is a thick line divided into red and blue colour. This is EMA (Expontential Moving Average) of the trend. Above the EMA, the candle stick and the part of the EMA will turn into blue colour, to show uptrend. Below the EMA, the candle stick and the part of the EMA will turn into red colour, to show downtrend. Middle of the EMA, the candle stick and the part of the EMA will turn into grey colour (mix by red and blue) means the trend is unknown or will be changed to uptrend or downtrend. You will see red arrow and blue arrow. When the candle stick and EMA appear to be uptrend signal, the blue arrow will appear at the bottom of the candle stick. When the candle stick and EMA appear to be downtrend signal, the red arrow will appear at the top of the candle stick. My favorite level :★★★★★ Pratical level :★★★★☆ My comments : This indicator is suitable to combine with the (1) indicator and is easily to be read and catch the trend easily. The accuracy will increase to 5 STARS if it combined with other indicator. Maybe at least one day delay. There are not too many shortcomings, a lot of testing is required. Suitable for the Index trend reading. --------------------------------------------------------------------------------------------------------- ( 3 ) SSL-CROSSOVER Same as (2) for the trend reading, red cloud part means downtrend, green cloud part means up trend. When the available buy in or sell out point appear, below or above the candle stick will appear a cross shape signal. But this indicator has a special function is that, when it confirms the trend is available to buy in or sell out, it will appear a word signal (buy@open) and (sell@open) above and below the available candle stick. This will help you to have a further confirm of the trend changing and the timing to buy in and sell out. My favorite level :★★★★☆ Pratical level :★★★☆☆ My comments : You may combine this indicator with (2) or other indicators, to help you confirm the timing of buy in and sell out.May increase accurancy by combining it with other indicator. However, the cross shape signal will delay one or two day to appear, and after confirm the availabel of the trend, the word signal will only appear after the cross shape signal. But if you have enough confidence for the cross shape signal only, you may decide to buy in or sell out before the word signal come out. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator. You may see the result in my Hang Seng Index Therefore, i recommend to combine this indicator with others in pratical, and need a lot testing before you apply it in your investment strategy. ================================================================== This is my first part of indicator introduction, i hope have other chance to share more indicators with you again. Wish you have a nice day. ====================================================================Educationby lsking0425Updated 335
Bull case HK33/HK50Text on chart. Pattern: Inversive head and shoulders left shoulder december 2018, right shoulder today in september 2021 Longby sfriismoeller0
Hang Seng.....No progress!Hello Traders, since the low @24311 on August 20, HS has achieved the 0.382 Fib.-retracement of the decline from 29394. It failed to overcome the level and the area of resistance has one more level: 26456 area! As before. It needs a break of the area from 26454 to 26822 to advance to 27036 level. Here an open gap would be close. If so to come, HS should be able to move to 27700 – 28200 zones. A break of the 25612 would open the door to 25130 and below to 24300 area. Here, the trend line, that connects the low from 22519-23124 would be broken! More bearish potential exist! Ruebennase Have a great weekend.... Feel free to ask or comment! Trading this analysis is at your own risk!by ruebennase113
Hang Seng Index Trend Prediction of 13 to 17 SeptemberGreetings, here comes the conclusion of the trend for this week. The reason of the rebounce end early is because, the trade volume of the entire Hang Seng Index Significantly weakened and there is not enough power to push the HSI up to the new high price. Also, Tencent SDN BHD, one of the biggest company of China and Hong Kong, has been summoned by the government to have a talk about the issue of the restriction gaming hours of teenager and child, and also the delayed released announcement of their big game project . Two reasons above are the main impact to cause the Hang Seng Index trend end the rebouce early and the panic of investors sold out their shares. Also, BABA(9988), XIAO-MI(1810), MEITUAN (3690) are the main influence as TENCENT, and all of them fall in price together today and influence the HSI at the same time. After explain the reason of why the HSI end the rebouce and go down trend, now we start to analysis the future trend. As we predicted before, the ENTIRE HSI is still in BEARISH position. In fact, there is also not enough power and volume to support the trend to go bullish as the entire Hong Kong market considered the HSI trend by now just a rebounce but not a chance to go bullish. So, the bottom support line off 24550 will be the second test of the breakthrough resistance position. However, it might break through the resistance with BIG POSIBILITY as the trend this week has been break through the 20 and 10 EMA. ONLY IF THE TREND CAN BE RECOVER AND STAND STILL ABOVE 10 EMA, THEN MAYBE IT WILL BE A SECOND REBOUNCE OF HSI . The other reason we say BIG POSIBILITY to break through the bottom support line is because, the WEEK AND MONTH TREND are still bearish and only the startto go down trend. Keep in mind that Overall market atmosphere is still remain sidelines and not enough confidence to support the HSI turn into uptrend. Therefore, the suggestion is that, OBSERVE THE TREND WHETHER WILL BACK TO 24550 AGAIN OR NOT, THEN WAIT FOR IT TO REBOUCE OR BREAKTHROUGH , then you may consider it is going to be rebounce again or breakthrough down tren. Again, All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour. Hope all of you may earn more money and be a rich man/woman. Shortby lsking0425Updated 27277
I took a long position in HSI 5 mins ago......In addition to going long and short on forex on short term basis, sometimes, I like to trade indices as well. For example, I like to trade HSI on hourly or a few days basis especially when the trend is in my favour. Please DYODDLongby dchua1969111
Technical analysis update: HSI (7th September 2021)Hang Seng index declined over 20% from its peak on 18th February 2021. Then it made lows on 27th July 2021 (at 24 748.84 HKD) and on 20th August 2021 (at 24 851.60 HKD). We are bullish on Hang Sang index and we think current price is very attractive for long entry. Because of that we would like to set medium term price target for HSI to 28 000 HKD. Technical analysis RSI is bullish. Stochastic is also bullish. MACD is bullish too, however, it is still in the bearish zone below 0 points. Though, we expect it to cross above 0 which will further bolster bullish case for HSI. ADX is leveling down suggesting that neutral trend is present at the moment. Closest supports can be drawn by extending horizontal line from recent lows (at 24 748.84 HKD and at 24 851.60 HKD). Closest resistance is at 26 822.47 HKD. We will observe HSI over the coming few weeks. We will watch out for breakout above resistance. We expect this phenomenon to support bullish thesis for HSI similarly like MACD crossover. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade. Longby Tradersweekly224
HSI eyes for bulls againVerdict: Bull Reasons: 1) Trendline suggests strong monthly support 2) Candlestick pattern suggest loss of momentum Longby Jezza323111
New prediction of next week HSI (30/8/21 - 3/9/21)Greeting, this is my new prediction for the future Hang Seng Index, please forget our previous prediction without accurate information. Basically, Hang Seng Index has entered Bearish Trend. The Down Trend has gone through two waves, and the third wave will happen in the future. If it is not a big down trend, it will end the bear trend after three wave. Therefore, my prediction about the third wave is, the highest point of the third wave might be 25982.64, then the lowest point of the third wave might break through the 24748.24. It might be happened within 2 week (30/8/21 - 10/9/21), and will rebounce before break through 23124. Next week (30/8/21 - 3/9/21) may will happen a little rebouce, then drop again until the 24748.24. After that, if the trend break though 24748.24, the trend between 6/9/21 - 10/9/21 will be down trend again and the retracement will end within September. At last, we may prepare for the third wave of down trend in the future. All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour. Hope all of you may earn more money and be a rich man/woman.by lsking0425Updated 43437
China Market Finally Bottomed After a Prolonged Panic Sell Off?Due to the repeated news of Chinese government's crackdown on the monopolistic practices of Chinese Technology companies that worried some investors on the long term impact of investing in these companies and the we have seen a prolonged sell off by both retailers and institutional investors in many of the Chinese Tech companies namely Alibaba ( HKEX:9988 and Tencent HKEX:700 . However, the good news is that the impact of these policies are likely to have minimal impact on the business model of these companies targeted and also from the technical aspect, we have seen TVC:HSI hitting a confluence horizontal and long term trendline support line with bullish candlesticks formed over the past few trading days. Moreover, signs of capitulation can be seen in big constituents of HSI such as NYSE:BABA , thus further suggesting that a reversal might be around the corner. In retrospect, many of these great Chinese companies are very undervalued served as a great opportunity for investors to hop on and catch some great profits ahead. Longby minjiarui16114
HONG KONG 50 BREAKS ABOVE THE RESISTANCE TRIANGLE LINEDuring the Asian trading session on Tuesday, Hong Kong 50 Index breaks above the resistance triangle line, beginning from June 21st. Yesterday the price impulse broke above the resistance line at level of $25800 and in the next few hours on a four-hour chart, tested the resistance line above and confirmed it as a support line. Tomorrow investors will observe with interest in which direction the price will continue to develop and whether it will return to the triangle. This has dismissed the bearish case, but it has not yet confirmed a bullis reversal. Market experts believe that a bullish reversal will be confirmed upon a break above the $26000 zone. This will confirm a forthcoming higher high on the 4-hour chart and may pave the way towards the $26680 zones, or the higher territory around $27740 and $28180. If neither area can halt the advance, we could experience extensions towards the $29357 hurdle, marked as resistance by the beginning of June. On the downside, a dip below $25600 is the move to assess whether the bears have gained the upper hand again. This would confirm a forthcoming lower low on both the 4-hour and daily chart and may open the path to test the $24726 zone again. If that area does not hold either, then the fall could extend to the $24000 territories. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses. by legacyFXofficial3
Hang Seng.....Pullback in a bear-market?Hello Traders, HS has met rising trend line, that connects the low on Mary 25 and September 25. It act as support! The pull back since look like a corrective setup, that is done or close to do so! A break of the 26000 level should open the door to the 268xx area (blue line)! A decline to Thursdays low @ 25255 opens the door to 25036 and below to the low on August20. A substantial break of this level would increase the corrective pattern with short-term targets to 24029 and 23495 area. More bearish potential exist! Only a daily close (at minimum) with huge orders for buying contracts above the resistance level at 268xx area would clear the picture in favour of the bulls! Have a great week..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk! by ruebennase115
30 Aug to 3 Sept 2021 bearish alert?Last week, we predict this week might rebouce until 26840. However, this week HSI has not enough power to rise back at 26840, therefore we may assume that next week 30/8/21 to 3/9/21 will break through 24750. The assumption is based on the Zigzag down trend hasn't reaches it new bottom. We predict that Hang Seng Index might reach it previous low point 23130 within 2 week in future. If HSI didnt break through 23130, then it will rebounce. This is our new update, and we might no update any new post next two week, hope everyone good luck Shortby lsking0425Updated 3
Hang Seng Index Rebounded Sharply after Touching 24,850 SupportThe Hang Seng Index found some support at 24,850 and has since rebounded. Holding above this level may pave the way for a technical rebound towards 26,200 – the 61.8% Fibonacci retracement. The MACD indicator remains below the neutral midpoint, underscoring bearish momentum.by MargaretYang6
Prediction of HSI trend this week 23 Aug to 27 Aug 2021Hi guys, well, as last week predict, this week probably will be the rebounce of HSI, and today it has a small rebounce. Therefore, for this week, it is importance that whether the trend will kill going up or drop down and break the bottom support line. Altough Zigzag hasn't reach it new bottom, the same rebounce can be found at the end of June 2021. Therefore, we may predict this week will rebounce as before. This is my comment for this week, and probably wont update again until next week. Sorry for poor english, if this can help some one else, it is my honor.by lsking04254
Hang Seng downside prevailsShort position below 26284 with target 23992 & 23188 in extension. Daily pivot : 26284 My move : Short position below 26284 with target 23992 & 23188 in extension. Other possibilities : Above 26284 look for target at 26867 & 27684 + reason : Immediate trend remain bearish & momentum is strong My sell limit will be at 25199 - 25530 area TAYORShortby Daimon_tfx2
Hang Seng.....More trouble ahead?Hello Traders, Hang Seng enter „bear-marked„ territory! It dropped to 24581.60 on Friday. It met a rising trend line, that connects the low on Mary 25 and September 25. Short term it could act as support, but the big picture for Hang Seng is bearish. A break of Friday's low on a daily closing price should open the door to the levels mentioned before. Another target is at or around the 21139 area, the low on May 19, 2020! The bulls need a break of 26822 area (blue line, daily) to change the outlook! Be prepared for a longer correction at HS! The index could be cut in half of its value! Have a great weekend..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!by ruebennase4
Next week Hang Seng Index Rebounce? As we predicted last night, today the hangseng index come to the lower point of 24748 (27/7/21) before, but didn't break through the lower point. Therefore, the main point for next week is whether the hangseng index will rebounce or not? Reading from MACD and RSI, even today come to the lower point, but the RSI and MACD not yet touch or over the lower point as 27/7/21 reached. It may be study as it might potentialy rise in the future, but on the other hand, it may also study as remain potential to drop again. All the assumption have to depend on the CHINA government policies. Therefore, we may observe the trend on next Monday whether it rebounce or break through the frame.Shortby lsking0425Updated 1
will HSI Index Rebounce or continue Retracement at 20 AugustToday HangSengIndex drop as expected, therefore the main point is, will the retracement will end at tomorrow 20/8/21? According to our analysis, we expect that August will be the month of retracement of HangSengIndex. This week will decide whether the index will rebouce or keep dropping, we expect 20/08/21 will be the last drop of HSI. If next week monday, the index break through the bottom support line of 24755, it might start to drop more faster than expect, but if rebouce and rise at next week, we expect it might rise back to 26800 next month. Or, 3RD possiblility, is that it might go as pattern (3) as the chart listed, and continue retracement until the end of August or Half of September SORRY ABOUT THE POOR ENGLISH AND HOPE EVERYONE MAY EARN PROFIT IN FUTURE.by lsking04251