Prepare for 22% RALLY in HSI4th wave pullback(upside) is started in Hongkong index from 1st Nov'22 wait for correction until 14th of Nov, provided 15880 should be protected (SL) After B wave correction ,if limited to 15880 then buy a ticket after 15th Nov for your upward journey till Jan23Longby selvamBUpdated 6
Hang Seng Index under fire!!Watching the Hand Seng underlying index in coming sessions...could be a good selloff on the cards...price action looking weak and there is a lot of buyers that could be put under pressure to unwind long positions!!Shortby TradeTheStructurePublished 1
Joe Gun2Head Trade - Top pattern on HK50Trade Idea: Selling HK50 Reasoning: Top pattern on HK50 Entry Level: 17641 Take Profit Level: 16980 Stop Loss: 17796 Risk/Reward: 4.25:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.Shortby Signal_CentrePublished 111
HK33 to extend gains?HS50 - 22h expiry - We look to Buy a break of 18465 (stop at 17985) Buying pressure from 17703 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 18470. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 18465, which will confirm the bullish sentiment. Our profit targets will be 19835 and 20635 Resistance: 18540 / 19480 / 20635 Support: 17605 / 16450 / 14580 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.Longby OANDAPublished 0
$HSI -Poised for Correction ? Hang Seng Index has almost come due for a correction after closing the other day up +4% It performed great over CCP's taking down their Covid's restrictions Restrictions not lifted off upon people of China ever since lockdowns started taking place on 2020 Pandemic's outbreak. Xi's dictatorship leadership and his third term election won ,may be catastrophic and detrimental for China's future, or, it can be great for his nation's expansion over Geo Political spectrum. On the day of his third term election, Xi's strategic moves sent a clear message to the other world's superpowers, as he removed China's former-president Hu Jintao from CCP's political congress. Symbolizing a lot how much power and influence Xi alone has upon his nation. Wether China prospers or fails as a Nation as a result of the decisions made by a single madmen in power is yet to be seen. Depends a lot on US's stance regarding China-Taiwan geo-political situation, which Biden on his last meeting with Xi just recently, aimed to avoid it's conflicts Will Xi overtake Taiwan over his third term election time-span ? Speculating it may be the correct timing, on a weakening US as a global superpower from the Pandemic up to date. It's correct timing over other geo-political risks included with the likes of Russia-Ukraine. Seems like past 2020, everything has been going badly for the world, turning from bad to worse. The question is, will things get worse before they get better ? TRADE SAFE Note that this is not Financial Advice ! Please do your own research before partaking on any trading activities based upon this idea. by Mr_J__fxPublished 4
JICPT|HSI rebounded from bottom, yet to terminate the trendHello everyone. It's been a while since I published trade idea last time. Recently, Hong Kong market and mainland got my attention, not because I have exposure to those market, but the turning point is forming or was formed. There is no doubt that HSI is cheap. It didn't benefit too much from the QE policies implemented by central banks around the world. It surprisingly recorded losses for two consecutive years in 2020 and 2021 whilst peers soared into the sky. On the monthly chart, I drew an uptrend line which the index clearly penetrated. However, the zone with a range of 11355 to 13755 looked pretty solid. The possibility of closing below the zone is very very low. On the weekly chart, I added Hong Kong foreign reserve line. It is also clear that the correlation between the index and the reserve is positive. Fed hiked the rates aggressively this year. It cost HK government a lot of reserve to maintain its currency HKD against USD in the narrow range of 7.75 to 7.85. No wonder, the index dropped dramatically this year. However, things started to changed with news of no quarantine period required for cross-border travel to HK. In addition, the recent relaxed Covid-19 restrictions in mainland China also gave the market a boost. On the daily chart, we can see that the downtrend line is yet to be broken at the level around 20000. I'm expecting a battle between seller and buyers once it reaches the key level. In my view, the potential room to the downside is limited. HSI is really attractive for me to allocation some money to capture the upside move. What do you think? Give me a like if you're with me. Longby JICPTPublished 113
Buying HK50 at key support.HS50 - 21h expiry - We look to Buy at 16461 (stop at 16249) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 16400 level. Our profit targets will be 16969 and 17169 Resistance: 18540 / 20635 / 22510 Support: 16450 / 14580 / 14000 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses. Longby SaxoUpdated 0
HSI General Chart AnalysisHSI has been flying on news of lowered COVID precautions and a lesser economic slowdown as previously expected. Where I see it going: by CBMMRPublished 0
Hong Kong 50 Looking Exhausted on the 4 HourWe have Bearish 3 Drives with an Exhausted RSI on the 50 Hour HK-50 Chart I think it willatleast return to Last Week's Low.Shortby RizeSenpaiPublished 1
HSI bias upside with 20k resistance12th Nov 2022 Monthly Chart HSI. Worth paying attention back on HSI after monthly chart showing bullish engulfing candle stick. However the month have not end yet. Continue to watchlist HSI and if price did not over the previous month low, a good support area is form. Bias on the upside to 20k. Longby probabilitytaPublished 0
I see two possible options for HSI moving forwardRead latest news article here From drawing talent pool to local executives getting on overseas trip to market Hong Kong, are these strategies sufficient to boost the market up ? The chart shows a nice rebound after a very long period of downtrend. It is difficult to say if this is the bottom , simply judging from 2 green candles. It could be a reversal pattern only on hindsight as we look back on this chart months later...... Until more information is released on how to help support the HK market (direction from Central Government in China), I speculate two possible options for the price direction to go. Option 1, invariably is what we want to see, a continuation in the rally , breaking above the resistance level at 15,836 and goes up further. The second option which is also possible is a retracement back to 15087 and then rally up. Longby dchua1969Updated 0
HK50 is the synonym of godzilla a.k.a disasterInsight: ---------- - China reiterate covid lockdown - Very red export/import data (low economic activity) - Possible incoming bad datas from China, including retail sales and inflation - PBoC keep fixes yuan vs USD higherShortby TradingCocktailPublished 114
HK50 ShortIt's rising above 20 MA after long time dropping. #Short Term - Resistance : 16915, 17000 - Support : 16529.7, 16106(20 MA, D) #Long Term - Resistance : 50 MA/EMA, D(BB UP) Shortby samlee0329Published 0
Gartley pattern forming on Hang Seng IndexBeautiful price action. Looking for an upcoming reversal and target of top of structure.Longby matsum43Published 0
Selling HK50 at previous support.HS50 - 22h expiry - We look to Sell at 16140 (stop at 16680) Previous resistance located at 15836. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit targets will be 14600 and 14000 Resistance: 16940 / 18130 / 19165 Support: 15425 / 14000 / 12000 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.Shortby OANDAPublished 2
Is the Hang Seng due a decent rally?So much bad news coming out of China could suggest that perhaps this index might be due a bit of a rally or even a turn if the "buy when there's blood in the streets" maxim has any value. HLongby tomj2417Published 0
The Hong Kong stock market is in extreme fearLooks like Asia overall has been going down a lot but Hong Kong has been one of the worst. Looks like there is a resistance at 12000 so another 15-20% downside potential before the odds are in favor of a rebound. It is interesting to see how strong the downtrend is.by zuzukPublished 0
$HSI Hang Seng Index Can Rise Up - Inside and FCP Zone NowTraders, I have been covering indices in depth latetly and what I see a common pattern is that US Indices has started to bounce back. US3 has been gaining for last 3 weeks or so, SnP500 is lower but gaining and NASDAQ is the only one which gained slowest. Hang Send Index (HSI) has reached 2008 levels but forming an M pattern. It is now inside an FCP zone which can push it upwards. Now think about the consequences of that. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________Longby vikinsaPublished 226
Hang Seng Index - When will it bounce?Over the weekend, a lot of synchrony and less optimistic outlook was posted. So, here we take the opposing view and look for when the Hang Seng Index might bounce off what it finds as a bottom. From the weekly chart, it is very clear that the HSI has had two consecutive hard years, since 2021. An early January rally fizzled out and downdrafts take over for the rest of the year. This end of 2022 however, appears to hold a rather oversold HSI, and with the TD Sequential almost ending, it might be worth to look at possible TD Flips and then a good effort to bounce. While the TD Sequential buy Setup is almost complete, the index is now also far out of the 3.5 SD on the Bollinger Bands. Like an overstretched rubber band, this appears deeply oversold. MACD is not yet letting up so there is some downside to dowside consolidation to occur before a bounce can be mounted. Upon re-entry within the 3.5SD band, that is where a TD Flip and a bounce might occur. This is projected to be about 15,500-16,000; about another 1000 points from where it is today. Any close below the red support line means that the bull case rebound is further extended, and may need a relook. Otherwise, a spike down and then a consolidation might happen, with a break above the resistance line (green) to indicate an about turn from bear trend to bull trend. This event should take place about mid-November up to Decemnber. By then, there should be enough follow through... Watch for these first: 1. TD Seq Setup completion and perfected, with a following TD Flip; 2. A re-entry into <3.5 SD of the BB band; 3. a set of higher lows and once broken the resistance line; and 4. MACD crossover on the Signal line, and then above zero. Wait for it... PS. Note the green ellipses that go back to 2016. These are times of downtrend that see a reversal from the bottom.by AuguraltraderUpdated 5
C stands for China - HSI indexHang Seng looks to be in a C wave which means a bottom near 11000 support level is likely. After that flush I would say China is probably a long term hold, especially once it gets back over the monthly trendline. Monthly RSI is about to close at it's lowest levels ever. Shortby the_sunshipPublished 111
Hong Kong Hang Seng Index at 30-year supportThe Hang Seng absolutely melt down on Monday, most people explained the selloff as the disappointment in Xi and his royalists taking complete control of the CCP, or the market is disappointed because there is no lifting of COVID restrictions after the 20th party congress....IMO, both of these are or should be well expected, the people's daily actually published the importance of COVID zero for like 3 days in a row ahead of the 20th party congress....anyway If we zoom out, we can see the HSI is at a historical upward trend line support, and below it at the moment (this is a monthly chart). Valuation does not make sense, because the Index is trading at 0.6 PB, and each time the index traded below 1 in history, it resulted in significant return over the next 2 years (and I believe the PB never went below 0.9). However, the index now has more tech companies in it and the price to book is inflated a bit? However, given how oversold and undervalue the index is, this looks more like a final capitulation than a "start" of another round of bear market. If we just simplify things, if the index level climb back up above this 30-year trend line, there is a high chance that the bottom is in like previous bear markets circled in red (given no new black swan event happen to the world). Volume also picks up significantly today (not available on tradingview somehow), consistent with typical capitulation at market bottom where everyone loses hope and just give up and shut down their computers... meanwhile, theres energy crisis, war, inflation and protests going on in Europe, but European equities are up as much as 2% today and US futures up 0.5-0.8% pre market, no one cares about China selling off...interesting divergence...by timhkuPublished 2