not yet sober; continue with bearish sentiment.
Resistance level : 20070-20090
Support Level : 19670 - 19568
If breakdown thru 19303 the next bus stop will be 19080 i.e 🆘 level as you can see from 1h chart.
Tradeplan : buy into support and sell at resistance, set your SL/TP.
From today macro overview, most of the traders likely to short the index. To trade for 100-150pips profits for tomorrow and within this week for 200pps is feasible. Remember your SL and locked in profit.
tradingview.com/news/mtnewswires.com:20241216:G2446630:0-hong-kong-stocks-extend-slide-on-disappointing-chinese-economic-data-ganglong-china-property-slumps-10/
The Hang Seng Index fell 0.88%, or 175.75 points, to close at 19,795.49.
For D chart
We are hopeful to see the reversal; the MACD Signal is now breaking above zero level and
although the KDJ still in bearish zone.
Let's continue to monitor; while waiting for more positive news and hopefully Santa remember to drop by the index chimney to give it a boost we shall zen with 📙 and 🍵!
Happy Trading Everyone!
HSI trade ideas
The booze seems quite strong; the hungover continue aft party!FX:HKG33
hello everyone TGIF!
Trade plan for today before end of the week.
It continues to dance btw range as shown in chart : 19800 - 20500 (1h Chart)
To trade using smaller range tf.
For the week it's still a small gain.
Shorted earlier hoping to take some profit for 🎄 weekend meals. ☺
Again to set your SL/TP level.
4H Chart
The 4h chart showing the index is still on the bearish zone.
Happy Trading and have a good weekend everyone!
while waiting toTP let's continue to zen with 📙 and 🍵!
HK50 "Hong Kong 50" Index Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist HK50 "Hong Kong 50" Index Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Is The Reversal End? Will the rebound party last?FX:HKG33
Is the Index rebound strong? Based on the 1h chart, you know the answer.
What is the range to look out for?
10EMA crossing down 52EMA on 1h chart. Not good.
MACD signal break through zero line level indicate bearish mode. Histogram bearish color in deep red like the index. Required "blood/live" to boost.
From the Money Flow Profile : 20208.39 level shown the selling pressure with huge volume. You know where to get the indicator and how to read it.
KDJ Indicator, kind of confirming the bearish zone for the hour.
Consolidation area : 19750-20300(the index dance between the rangebound)
as mentioned in previous post reaccumulate at 19730-20300.
D Chart
Price 20165.88 closed below 52EMA - 20354.18 (Down 171.28; -0.84%)
For the Week, as of today - it is still gaining 391.15 +1.98% from Open : 19,774.73 on 9Dec24.
Let's continue to monitor and see if the authority fiscal policy benefit and boost the reversal.
Happy Trading!
Key Support Level! FX:HKG33
Hi everyone, did you managed to ride on yesterday the fireworks and joined the party?
If you are following the movement of HSI then probably you are in the game and able to catch the short term fireworks Bull :)
Yesterday the Index seems being injected with stimulant - based on HKG33 (surged 1,013.46; +5.13%)
Let's look together at the D,4h & 1h charts where they've had given us signal of the boost.
D Chart
4h Chart
1h Chart
- Price is moving downwards closing to the 52EMA (20137)
- MACD Signal with Deadcross and KDJ at bearish zone
However, as mentioned in previous post my personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable.
As you can see, today the candles seems tired after the stimulant boost for the party.
Then, did you managed to short for the reversal for some pocket money? :-)
Trade Plan -
Day Trade : Swing Lo: 20290-20800 (Long at support and short at resistance depends on your own tf)
Swing Trade : 2 days - 5days : Swing Lo:21350 Swing Hi :18960
Re-accumulate at/below 19730-20300 level.
Please note that 19730 & 20300 are keys support/resistance level. Remeber to put your SL for traders.
Longterm Trade : With the recent China govt calls for proactive fiscal policy in 2025 (appropriately loose monetary policy), it's confident and confirmed that both China and Hong Kong markets will benefit and the reversal is for real. We can start to expose and accumulate more in both countries.
For HSI to break the range 22900-23275 and make new ATH would be very soon.
Happy Trading everyone!
Let's continue to monitor the Index movement and dont forget to follow your zen trading strategy.
Trading is a lifelong learning path , continue to practice and master the skills by reading 📙 and 🍵.
Reading helps to form a good habits for thinking and sometimes is a good method for distraction (not to keep looking at chart) once you have set your TP/SL following your strategy. :)
HSI Index Falls Amid Disappointing Chinese Economic DataHSI Index Falls Amid Disappointing Chinese Economic Data
On Tuesday, Hong Kong's HSI index (traded as Hong Kong 50 on FXOpen) declined, erasing gains from the previous session due to worsening market sentiment following the release of disappointing Chinese economic data for November. As reported by the media:
→ China's export growth slowed to 6.7% year-on-year, falling short of the forecasted 8.5%, according to a Reuters survey. This marks a significant deceleration compared to the 12.7% growth recorded in October.
→ Additionally, Chinese imports contracted, decreasing by 3.9% year-on-year in November, further deteriorating from the 2.3% decline seen in the previous month.
These figures have heightened concerns about the state of China’s economy, with consumer demand remaining weak amid the potential for tariff increases under the Trump administration.
Technical analysis of the Hong Kong HSI Index chart (Hong Kong 50 on FXOpen) reveals that price action throughout 2024 has established an ascending channel (illustrated in blue).
Notably:
→ The median line of the channel has previously acted as a "magnet" for price (highlighted with a blue oval), typically indicating equilibrium between supply and demand.
→ However, as marked with an arrow, it has recently acted as resistance, turning the price downward this week.
This sharp shift in sentiment suggests that the HSI index value (Hong Kong 50 on FXOpen) could retreat to the previous consolidation zone between the 19,000–19,700 levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Mao Geping IPO: A $60B+ Subscription FrenzyIPO Details:
The subscription period for the IPO ran from December 2 to December 5, 2024, with shares allocated in lots of 100. The indicative price range was set between HKD 26.30 and HKD 29.80 per share.
Premium Beauty Brand MAO GEPING Subscription Amt $60B+, Ranking 4th in 2024 IPO Subscriptions
The cosmetics company in Mainland China, MAO GEPING (01318.HK), intends to raise US$270 million at the upper limit of the offer price range, Reuters reported, citing people with the knowledge of the matter.
MAO GEPING plans to issue more than 70.58 million H shares, of which 10% will be offered in Hong Kong, with an offer price ranging from $26.3 to $29.
The entry fee of each board lot (100 shares) is about $3,010. The public offering will close at noon today (5th), and the company plans to have its shares listed and traded starting next Tuesday (10th).
Futu Securities International (Hong Kong) said that the IPO of MAO GEPING (01318.HK) in Hong Kong has been overwhelmingly received, with a total subscription amount of $90.5 billion recorded on Futu’s platform, which was the highest in the history of IPO on the platform.
Futu Securities said that the record high subscription amount for MAO GEPING reflected the renewed enthusiasm of investors for popular IPOs.
According to market news, brokers lent margin of $147.7 billion, representing an oversubscription of more than 702 times, surpassing CR BEVERAGE (02460.HK) -0.360 (-2.871%) to become this year’s “King of Frozen Capital”.
MAO GEPING (01318.HK) launched its IPO on December 2, and its subscription amount reached $63.168 billion as of noon today. The company currently ranks fourth in this year’s IPO subscriptions, trailing behind CR BEVERAGE (02460.HK) -0.360 (-2.871%) with $99.229 billion, CAROTE LTD (02549.HK) -0.040 (-0.735%) with $79.891 billion, and APT ELECTRONICS (02551.HK) -0.070 (-1.877%) with $63.896 billion.
HK50 - Chines Stocks Will Continue To Be WeakHang Seng printing a limp ascent - looking weak.
This is a short here or perhaps after a bull trap shakeout through resistance would be better.
I won't take it though, I have trades elsewhere.
That bull trap shakeout short opportunity where the red arrow is, was a great opportunity...
But one for the notebook this time around 👀.
I have no interest in Chinese stocks for now due to this 🤨
Not advice
Hang Seng Index Primed for a 20% RallyThe Hang Seng Index is rebounding off its 61.8% Fibonacci retracement level following an ABC correction, a classic technical setup indicating a potential trend reversal. This bounce suggests the beginning of the next bullish wave, with the potential to climb by up to 20%.
HK33 in inverted head and shoulders?HS50 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the high.
A lower correction is expected.
Short term bias is mildly bullish.
Preferred trade is to buy on dips.
Economic figures could adversley affect the short term technical picture.
We look to Buy at 19480 (stop at 19280)
Our profit targets will be 19980 and 20135
Resistance: 19995 / 20835 / 21880
Support: 19150 / 17955 / 16430
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.
About to breakthrough!FX:HKG33
From previous post - D chart shown that the MACD SIgnal lines are both downtrend and breakthrough the zero line. Forming a short term bearish mode.
The Index corrected down to 18956 (last week low).
As you can see from the snapshot from W chart that week of 11Nov,
week of 18Nov: -246.64 (-1.27%)
week of 25Nov: +395.16 (+2.06%)
This week - 2 Dec : as of now -109.64 (-0.56%) if the Index able to hold at the support level of 19330 and break 19785, the Index then considers reversal.
the MACD Signal lines.
Trade Plan -
Day Trade : 19000-19700 (Long at support and short at resistance dependings on your tf
Swing Trade : 2 days - 3wks : Accumulate at 19000-19150 Discount level, Take partial profit at 19300, 19700.
Longterm Trade : The Index is now retracing. May accumulate & hold at 19340 (if you have been monitoring accumulating starting 16900.
HSI Bearish Outlook with Potential Bounce at Key Support LevelHSI currently looks bearish, likely heading toward the significant support at 18,300 HKD—a level from which we historically saw a strong rally up to 30,400 HKD, aligning with the triangle pattern target. Upon reaching 18,300, there’s about a 90% chance of a bounce.
A bearish divergence also signals potential short-term downside pressure before a possible reversal.
Disclaimer: I'm not a financial advisor; please do your own research before making any investment decisions.
SHOCKING! 40% tariffs on Chinese imports!According to a survey of economists by Reuters, the U.S. is considering imposing nearly 40% tariffs on Chinese imports early next year. Such measures could slow the growth of the world’s second-largest economy by 1%. Economists polled by the publication, both Democrats and Republicans, believe these changes will trigger massive disruptions in the U.S. and global economies, surpassing the impact of the trade wars during Trump’s first term. They warn this could ignite a “global trade war.”
During his presidential campaign, Donald Trump promised significant tariffs on Chinese goods as part of his “America First” trade policy. These potential tariffs, much higher than the 7.5%-25% rates of his first term, come at a vulnerable time for China’s economy, which is grappling with a prolonged real estate slump, debt risks, and weak domestic demand. Most economists predict Trump will impose the tariffs in early 2025, with an average estimate of 38% and projections ranging from 15% to 60%. These tariffs are expected to reduce China’s economic growth in 2025 by about 0.5-1.0 percentage points.
What could Trump’s policy lead to?
Chinese indexes: Chinese stock indexes like #ChinaA50 and the Hang Seng Index (#HSI) are expected to face downward pressure.
Chinese corporations: Key sectors such as electronics, automotive, and textiles—heavily reliant on exports to the U.S.—are likely to suffer the most. Major Chinese corporations, including #Alibaba and other leading players, could see their stock values decline. U.S. Indexes: American indexes like #SP500 and Dow Jones (#DJI30) might experience short-term volatility. Tariffs will raise costs for U.S. companies dependent on Chinese supplies, such as those in tech, automotive, and consumer goods sectors—companies like #Apple, #Tesla, and #Nike may face increased production costs. This could reduce profitability and potentially lead to stock corrections.
In the long term, however, the U.S. might benefit from the trade war, as it could boost domestic production, positively impacting American manufacturing stocks. FreshForex analysts predict a growth phase to begin in late Q1 2025 . At the same time, on November 14, investors sharply increased short positions in Asian currencies following Trump’s tariff announcements.
Hang Seng may rebound intraday, but likely short coveringThe HSI:HSI saw a strong sell off yesterday likely due to traders locking in their profits. This wave of rally is not over yet and I think near term may see slight rebound in an attempt to conduct a corrective rally before going for the 3rd leg of the corrective cycle.
Momentum on the mid term and long term remain intact, only the short term shows a peak and decline.
Support is at 20,511 or 19,828. Long term target is at 27,000
LONG HANGSENG"Don't fear the noise from analysts.
Trump's win and Hang Seng's current valuation are likely already priced in. Many analysts won't clarify this because narratives can drive market behavior.
Stay informed, but think critically. 🧠📉"
Risk Reward is clearly visible in CHART.
Just follow charts rather than Narratives and Analysts.
Long Setup HK50 Day trade📊#MarketUpdate #HK50
As we can see HK50 has landed on 0.382 Fib level since last Friday morning.
This morning has a range breakout to upside.
💡Here is our trading plan:
1. Waiting for a retracement to the Buy Zone.
2. Long after a ICT H1 chart, Long setup (if it is a Higher Low in H1 chart)
China Stimulus Fails to Meet High Expectations Fundamentals & Sentiment
HK50:
- Weak recent Chinese data
- Stimulus hasn't met investors high expectations
USD:
- Strong data
- Fed signals a likely slowdown in the pace of rate cuts
Technical & Other
Setup: TC(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: DMA(100)
Stop loss: 1%
Position size: 0.5 of the normal Risk Unit
HK50 Hong Kong 50 Index Market Money Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist HK50 "Hong Kong 50 Index" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Is it the time to Buy the Dip? FX:HKG33
As you can see from 1D chart - the MACD & Signal line both are on downtrends.
Be cautious if the MACD fast line break below the zero line.
From W chart, you can see the MACD & Signal lines are both staying zero line i.e bullish mode but on a weaker momentum ( the KDJ is on bearish zone and the MACD histogram with ligher green). Also the MACD line (blue line) seems forming a curving down movement.
The next Support level at 18186 (the sudden surge on the 26Sept2024 +1239.06;6.41% that day)
From 1h chart, at point of commenting it seem that the index is on Bearish mode, it might take a while to rebound to previous support level (the new resistance ) at 19500-19520.
You may not want to open bullish too early if it's not break through the level.
Shorterm
Bearish - it seems the index will continue to be downtrend based on 4h BB; but SL at 19834, you may set TP at 19146 (the next support level)
Peoples Sell on News
www.tradingview.com
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From Reuters : China and Hong Kong stocks fell on Thursday after Beijing's latest measures to revive the struggling property sector failed to boost investors' mood.
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Longterm
Let's continue to monitor the D chart with MACD & KDJ indicator if there is clearer signal to take position.
While waiting let's zen with 🍵 & 📙