HKEX to stall at previous swing high?HS50 - 24h expiry - We look to Sell at 20209 (stop at 20430)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for sentiment and the downtrend has potential to return.
Previous resistance located at 20209.
The medium term bias remains bearish.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 20209, resulting in improved risk/reward.
Our profit targets will be 19575 and 18680
Resistance: 20850 / 22790 / 24770
Support: 19650 / 18680 / 17710
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
HSI trade ideas
Shorting HKEX at current resistance.HS50 - 24h expiry - We look to Sell at 19570 (stop at 19810)
Buying pressure from 18823 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 19570 level.
Our profit targets will be 18880 and 18535
Resistance: 19470 / 20805 / 22505
Support: 18535 / 17600 / 16440
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Hongkong 50 BearishHongkong 50 Bearish
Sequence of lower highs and lower lows
Short on strength
Ep: sell stop at 18830(break of lower high) or sell limit at 19130 (.382 fib level) or in instant sell between these 2 levels
Red candles as sellers are present
SL: 19600 last lower high
TP1:18639
TP2: 18344
Stock- MON: HSI Trend Status w/ 21 yrs backtesting, week11
2023, week 11
HSI: at 19,161
According to the latest market update, the Hang Seng Index ( HSI ) is still not in a upward trend, with a current long close at 19,161 points.
Use backtesting to evaluate and make objective trading decisions. - PresentTrading
#HSI
Analysis of HK50 Index on the Four-Hour Time FrameThe HK50 Index has recently given a breakout above the trend line on the four-hour time frame, indicating a potential upward trend. The index has broken several previous highs and is now taking support to continue its ascent.
Traders looking to enter the market can consider a long position, taking advantage of the current support level for a potential uptrend. However, it is important to closely monitor the market and exit the position if the index shows signs of a reversal.
Keywords: HK50 Index, breakout, trend line, support, long position, uptrend, reversal.
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Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market
HKEX bias remains negative.HS50 - 24h expiry - We look to Sell at 19635 (stop at 19901)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The medium term bias remains bearish.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 19635 level.
Our profit targets will be 18865 and 17710
Resistance: 19650 / 20850 / 22790
Support: 18680 / 17710 / 16320
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HK33 looking for a limited rally?HS50 - 24h expiry - We look to Sell at 19820 (stop at 20150)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The medium term bias remains bearish.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 19820 level.
Our profit targets will be 18880 and 18680
Resistance: 19650 / 20850 / 22790
Support: 18680 / 17710 / 16330
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HKEX to extend its losses?HS50 - 24h expiry - We look to Sell a break of 19635 (stop at 19860)
Selling posted in Asia.
Selling pressure dominated price action yesterday and we expect this to continue today.
Previous support located at 19635.
The medium term bias remains bearish.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 19635, resulting in improved risk/reward.
Our profit targets will be 18985 and 18680
Resistance: 20850 / 22790 / 23640
Support: 18680 / 17710 / 16340
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HKEX to see a limited rally?HS50 - 24h expiry - We look to Sell at 21020 (stop at 21245)
Buying pressure from 20525 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 21020 level.
Our profit targets will be 20455 and 20355
Resistance: 20880 / 22590 / 24770
Support: 19525 / 18580 / 17630
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Hang Seng bounced strongly! Is the China bull back?Something bullish is happening in China, potentially primarily due to the reopening and all the liquidity injections by the PBoC. China never raised rates while slowly adding liquidity to markets. We saw a significant capitulation when Xi became emperor for life by removing everyone that could potentially cause trouble to him from the CCP, as well as when we first saw the first sanctions on China by the US. It's clear that the US and China are in a cold war, and the US will keep imposing sanctions on China... Many of which might come back to bite it. Now there is talk about capital controls, yet China holds many US bonds and has been part of why inflation stayed low for so long. Of course, China has many issues, but so does the US, and what they both have in common is that they will have to print a ton of money.
What's critical here is that the Hang Seng has been trending lower for a while, especially since China started taking 'back' Hong Kong, but then started bottoming around peak China fears (never reopening + Taiwan invasion). For now, an invasion seems unlikely, and all the concerns about capital controls could not have the result everyone thinks they will. The market is incredibly oversold, and Chinese investors may be forced to repatriate their capital and start investing there.
''The Hang Seng Index can be used as a bellwether for markets worldwide. If the gain in Hang Seng holds, that would be a bullish indicant for markets worldwide. If the low is violated, that would suggest continued decline in other markets as well. We say this because the late January and early February market peaks were a worldwide phenomenon. Stocks, Bonds and Commodities all peaked in tandem, suggesting a shift in the underlying perception of the fundamentals from one of continued growth and declining inflation to one of slower growth or recession accompanied by persistent inflationary pressures.''
Milton W Berg CFA
@BergMilton
I agree with Milton, and to me, this looks special. First, HSI bounced right at the Yearly pivot. The bounce came to a massive rally from the lows, which swept the double top, hit resistance, and had a decent pullback. The bounce straight into the monthly pivot, which usually acts as a magnet. So we have gone from pivot to pivot very quickly. When looking at CN50, we get an extra confirmation that something bullish is happening. Again, massive rally, significant pullback, bounce at support, reclaim yearly pivot, a break above the monthly pivot, slight pullback, and sit right above the monthly pivot. Technically both look bullish to me.
Only a close of 2% below the recent lows would make me think that the market is about to keep going lower. Until then, I assume that both these markets are in a bull market and that China isn't as uninvestable as many make it seem to be. Of course, if you are a US investor, you shouldn't be investing in China, but for most of the rest of the world, China seems fine (for now). They keep getting cheap oil from Russia, they are politically stable (nobody to go against Xi), won't invade Taiwan anytime soon (based on what they saw in Ukraine), and Japan also kept printing and didn't raise rates (capital flows into China)
Hong Kong Stock Index (It can get pretty Bullish)Hong Kong Stock Index (13 Feb 2023)
China economy is back in the full steam and it shall bring HK index upward too.
We may be in the minor pull back for the past 2 weeks but I expect the bull force will come back in soon.
20,700 shall be a good strong support region and it shall go back UP higher.
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HSI potential for bullish continuationLooking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at 22700.85, where the recent high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.