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HSI1! trade ideas

Biden vs TrumpLittle does it matter. Long term policies of USA won't change whoever wins meanwhile markets will continue to do their own thing. There has been accumulation happening for last 2 months which should see HSI rally towards 26k post elections with Ant's ipo carrying it higher still from there. Euphoria won't last for very Long as the market movers will use these 2 events to distribute whatever is left from 2 years of distribution. 2021 may see the bubble burst and all hell breaks loose but we will worry about that when the time comes. Friday's afternoon selloff was a shakeout below which SL can be placed. P.S. Trump will win.
HKEX:HSI1!Long
by Dec0der
17
Bottom is nearI updated on Friday in my last week's post but it was late so putting it here again. Short term bottom might be in and we can see price make its way towards 23500-600 from here. We are seeing third batch of accumulation between 23400-200 with first being between 24500-200 and a rather brief one between 23750-600. Expect price to spend most of the time between 23400-200 and wild swings in either direction to trap traders on both sides over the next few days. By the look of things, Final bottom will come somewhere during the first week of October. 22900 was the initial target but we are already very close to it so a bit more South is likely. 22900-22500 was the area of accumulation during the shakeout in May. Below there is one more gap at 21900 from 24th March. I am very confident of multi month Bull market very soon but at the same time i won't go rushing in just yet in fear of missing out. Next week is short. Thursday and Friday is close. Best of Luck.
HKEX:HSI1!
by Dec0der
6
Chart of the Day: HSI1! break down from consolidation wedgeHSI peaked in 2018 and has been in a downtrend marked by persistent lower highs and lower lows. With 40+ odd days to US elections, expect more craziness out of Trump and China to push back by flexing its revitalized military. Anybody else noticed how most of the Chinese Wushu/war shows in recent years have featured Chinese fighting foreigner oppression? The Americans are preparing for a cold war but the Chinese are preparing for a hot war. China has got to be thinking about the ABCD encirclement of Japan in the 1930's and the Plaza Accord; Both stories did not have a good ending but there weren't many options on the table back in the 1930's and 1980's. It is tough for HK to deal with a triple whammy of internal turmoil, Corona virus and a trade war. For now, it is helmets on and, especially for my HK friends, to stay safe and hang on tight.
HKEX:HSI1!Short
by WellTrainedMonkey