Hang Seng..... Support level intact!Hello Traders,
Back after a somewhat prolonged illness.
Hang Seng is „dancing“ on a cliff! A drop below the support zone @ 23697 could have tremendous impact on the midterm chart picture.
It could open the door to 23K area, and below, if so to come, to 22550 and 214xx levels.
More bearish potential exist.
After a 3-years lasting decline for the Hang Seng, a recovery may be possible, but with the negative social mood in back, it is hard to believe.
Anyway. This week's „contact“ with the support level looks like buyers have bought here, and a new phase of selling pressure was not to watch.
As long as this level is valid, there is the chance to move to 26560 zone. Step by step!
Be patient this day's.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
HSI trade ideas
Hang Seng Index Trending Prediction (04 Oct to 08 OCT)Greetings, one week late for the prediction because of private reason. Financial problem make me really headache, but still i will do my update
For the news of last week, is the total settlement for the Hang Seng Future September, and the new round of Future has started for October.
Evergrande (3333) company has two USD debt are expired to settle, and China has execute Electric Supply Restriction because of not enough power supply for the winter. China government has ordered the State-owned enterprises and financial institutions to purchase the industry of evergrande and prepare for the probably bankrupcy in future. Evergrande still has ONE MONTH Debt grace period to settle the debt crisis.
This week key event will be whether the evergrande will settle the debt crisis or not. Even though lot of the expert predicted that the debt crisis of Evergrande will not influence the financial system in Hong Kong and China, the investors still worry about the event could probably cause the panic sell off or BEAR trend in future.
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Suggestion of HSI market
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Today (04/10) panic sell of is the influence of Power Supply restriction and the fear of Evergrande (3333) debt crisis, however there are resistance at 23800 and pressure at 24500. The trend for this week will Probably Lateral oscillation.
TREND IS UNKNOWN but if there are some bad news again, the trend will probably down trend at any moment
OBSERVATION is NEEDED before you start to purchase.
Since the trend still can stand above 10 EMA, and the MA is still down trend, America Stock market will probably happen a big retracement or a sudden down trend at anytime, HSI market is not optimistic.
New low point has appeared at September, but if the trend break through 23800 and cant stand back above, then it will be one more new low point.
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.
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Hang Seng..... Only if and but!Hello Traders,
Hang Seng broke below the level of 24424, what per my view could be interpreted as an „important low“! It declined close to the level of 23697, what I preferred as an important support zone; from here, buyers entered the market!
As to see on the hourly chart, HS opened a gap-up, that was closed during Friday's session. This is an often seen behaviour within a starting recovery, sometimes to view at the start of a new impulse.
This idea opens two scenarios.
First, the bearish (`cause HS is in a bear market);
A break of the low of 23371 and the support level of 23697 open the door to 23100 area with more bearish potential ahead!
In this case, I would favour the level of 21139 comes „under attack“!
If the bulls were able to buy the market up for more than 1-2 days, a level of 24798 could be achieved. This is at or near Thursday's peak. Above that area, I see potential up to 25125 and 25457 zones!
Overall to speak, and as before! Hang Seng is in a „bear-market“ and it needs more than 1or two weeks of recovery to change the view!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Trend prediction for 20 to 24 September 2021
Greetings, the HSI trend has reached a new low point 24424 in 2021 years at 17/09/2021. Then it rebounce back and end with 24920. It could be studied as the investors do not want to let the trend break through 24580 and there is a resistance line at there. The trade volume at 17/09/21 is more than any day trade in September. Will it be a chance to rebounce THIRD Time?
Before we talk about the rebounce, there are few news that we should keep in our mind.
Last week, Evergrande (3333) debt crisis event, and also the announcement of Macau government to amend the gambling gaming law, have caused serious impact to Hong Kong Stock market. The trend start to go down trend at 13 September to 16 September. Since the incidents haven't been resolved, the panic of the Hong Kong investors not stable yet.
From chart, we could find out that even the trend keeps go down trend, but the MACD and RSI of three rebounce point are one wave higher than one wave. And each time the trend reached the low point (27/07) (20/08) & (16/09), obvious rebounce will happen. THERE IS A RESISTANCE AT 24580 TO PREVENT THE TREND DROP FURTHER , which means the will of investors do not want the trend go down trend further. However, you will also find out that, EACH TIME OF REBOUNCE, THE RESISTANCE POINT BECOME LOWER EACH TIME. You may study the phenomenon as LOSS OF STRENGTH , even the trade volume is higher than any trade volume in September. But, after a period for investors to examine the news and policy of CHINA government, the market atmosphere will gradually calm down, and restart new investment strategy.
But the trend at 17 September 2021 appears a PIERCING LINE PATTERN, which is a signal about the change of trend or bottom signal. If the trend can stand back above 25000 and end with red candle on next Monday or Tuesday (20 - 21Spetember), the trend can be confirmed to turn uptrend and start a new rebounce again. If not, then it might break through the 24580 and find a new low point again.
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Suggestion for the HSI market
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Since the trend is unknown, OBSERVE THE TREND FOR NEXT MONDAY AND TUESDAY and wait until it has confirmed its trend change to uptrend. If not, consider the down trend will keeps continue.
Keep in mind that the entire trend of HSI is high first and low. If this trend analysis does not change in the future, it means that more lower point will appear in September.
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.
==============New update============
Hang Seng Future (Night) + ADR for 20 September 2021
Closed price = 24784
Advise =Next Monday (20/09) HSI maybe will low open at 24784, but it might be changed on next Monday again.
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!
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.
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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.
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( 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.
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( 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.
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( 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.
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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.
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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!
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.
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.
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.