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HK50 trade ideas

What happened when more money is injected into markets ?Take a look at this 3 line charts - SHCOMP, CN50 and HSI respectively. When 1.2 trillion yuan were injected into the markets, the 3 indices did a V shaped recovery almost instantly! Currently, SHCOMP is in the lead, followed closely by CN50 and HSI with a fairly strong pullback. The whole world is now watching how China central government will react on its monetary policies as being the world's 2nd largest economy, its action or inaction will have a severe impact on the global economy. The Chinese are the world's largest spenders when they travel and many hotels, restaurants, theme parks even properties are suffering (with some bemoaning they can only withstand for 3 months before they closed shops). This black swan event caught many by surprise and its pervasive and seemingly difficult to control has kept many world's leaders sleepless night. If you are like me ,a long term investor of China and buy into the China story of it overtaking US in time to come, already with its technologies, this drop is a good opportunity to buy the indices or individual companies at a cheaper price. We have yet to really see the impact of how these markets will be until the Q1 2020 GDP results are released. Many analysts are hoping this epidemic be contained and number of cases begin to reduce so that business can return to normal. There are many lessons that we can learn from this event 1. How integrated and connected the global world has become and the importance of collaborating with one another to fight a common battle 2. Business Continuity Plan - When this event is over, I think more meetings will be held in boardroom to discuss how to prevent a disaster like this again. Eg. when business are overly concentrated in China, with 60-70% revenue generating from it will suffer drastically. Other examples include the businesses that depend on China tourism - Cambodia casino , overseas hotels, restaurants, luxury properties, etc 3. Emerging opportunities - How the tech giants like Baidu, Alibaba, Tencent and others are leveraging on AI to help combat some of the challenges they faced in this crisis. Will this technology become an emerging trend that can be scale up in the future ? Next, working from home - a yet to catch on concept in Asia, especially China - will it be the catalyst for change in the traditional 9 to 5 working environment ? If the government support this policy, then employees need to purchase properties that is near to subway or close proximity to their offices thus reducing on hefty mortgage loan. Working from home also introduce a whole set of new changes such as video conferencing, screen sharing, encryption of files sharing,etc. We can take a leaf from the European countries and adopt this work from home culture. In short, as trader and investor, we must remain stay open to opportunities and not miss the woods by focusing too much on the trees within.
TVC:HSI
by dchua1969
Hang Seng...Both interpretations are valid!Hello Traders, Hang Seng opened today @ 26479.9 and reversed strongly to the upside, as it did yesterday. Yesterday`s candle was a „fake candle“, sending all Bulls to the wrong side of trading. Is today`s behavior the same? Today`s open and daily low was below the 0.786 Fibonacci retracements (@ 26554), daily close was well above ( 26696.5) So, as long as today`s long is valid the focus is to the upside on a very short term look. A first target could be the open gap, left by trading on 22.-24. February (27308-27105)! This would close the open gap and send the bearish „Island-gap“ (marked with the blue dotted arrows) and is close to the 0.618 Fibo from 26145-28055! While no clear wave structure, to my view, is to watch, we have the two counts at hand as labeled at the graph at the right hand. A wave (i) -(ii)) or a wave „a“-“b“ (in progress) and a wave „c“ to come to complete wave (ii)! Note that the arrows at chart are just a notice for a directional call! At the left-hand chart you will notice, that the bullish count is valid too, but it looks for now just as a part of a flat correction that is maybe not done at all. So the coming two sessions will be important for the next big move! Stay tuned for the next update and market behavior. Have a great week... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Hong Kong Stock Index (Fire In The Hole!!!)View On Hong Kong Stock Index (21 FEB 2020) Did you read our Bullish call to 28K level previously? Well. It is done and dusted. We are in a pullback phase and it is gaining momentum. I expect it can go down further first but Please be cautious as well. 26,700-27,000 region can act be as some strong support or sort. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKDShort
by SonicDeejay
Hang Seng...Take what you prefere!Hello Traders, 28000 area is hard resistance for Hang Seng. It failed to exceed the high of 27771 on February 18 and tumbled lower for the remainder of the week. It closed an open gap, left by trading on February 10-11! One more open gap is from 26786-27174 from February 5-6! At the bearish count, this open gap will be closed for HS and the index is ready to decline within a wave „3“to fresh multiweek lows. A good indication for this interpretation is the drop below the lower boundary of the rising trend channel, drawn at the right-hand corner chart. The bullish idea could close this gap too, but after it will do so, HS will reverse and should advance to fresh new high`s within a wave „3“! Here, a good hint for this idea is the advance above that past high at 27959 (closing, blue arrow) from the trading on February 17! A daily close below this level is needed to support this idea! Have a great weekend.... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Downward Trend ConfirmedIts pretty obvious that HSI is in a downward channel, after failling to hold 28000 level. And with US stocks crashing on Friday, HSI is destined to open at an extremely low level on Monday. So we have to see if HSI drops to the lower end of the big negative channel. Of course I am not saying HSI would be bullish, but its really possible to see some rebound to the higher side of the channel within 1-2 days. The short term target price would probably be @27330ish level. But In a longer time frame(1 week maybe?) We might see HSI testing support line @26741. If that doesn't hold, prepare for your puts! GL to all Ty
TVC:HSI
by hweikang0828
Hang Seng....28020-28055 is resistanceHello Traders, Hang Seng advanced to the middle boundary of the trend channel and reversed sharply today. While the move from 26144 – 28055 closed below the 0.618 Fibonacci (@28017) it could be all of it and maybe countertrend (three-waves)! If so to come, the next move is to the downside, and a close of the open gap from 27241-27514) could be the next level to achieve. Note that there is one more open gap, left by the trading on February 5-6! So more bearish potential exists. On the other hand. Any rise above the high of the candle on February 17 (@ 28055; 0.618 Fibo and middle boundary of the tc)) on a closing basis could open the door to 28528 (0.786 Fibonacci)! If the bearish count plays out in the coming days and weeks ahead, we possibly have seen today`s start of a wave „3“! Means, a lot of trouble to come for HS! Have a great day.... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Hong Kong Stock Index (It is wacking the late shortists)View On Hong Kong Stock Index (4 FEB 2020) Well Played HSI. We had a nice short and closed it well now, those late jumpers are trapped. Now it is using 26,000 regions as support and expects it go retest 27,000 at least soon. At the same tie, watch 25,600 and 26,000 regions closely, it is not good news for Bulls if the regions get broken. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:HK33HKD
by SonicDeejay
Hang Seng...Powerful advance!Hello Traders, at my analysis, published on January 31, I placed a note below the chart, meaning that the next significant move is to the upside, may as a „countertrend“! The next day (Feb 3) HS gaped to the downside by the opening bell and raise since that day nearly 1500 points to closing of 27900 points today. While this advance is not a clear „impulse“ the odds are still valid, that we see a countertrend. For both interpretations, I need more patterns to judge. In the short term, HS has closed an open-gap, left by the trading on January 24-29. There remains another open gap from 28795-28449. This might be filled, but it is not a requirement. If so to come, Hang Seng will retrace more than a 0.786 Fibonacci of the decline, which will make a countertrend less probable. On a short term window, we can observe, that the advance from 26144-27823 is developing in a „three-up“ what makes it countertrend internal. So the next level of resistance is at or around the 28017 (0.618 Fibonacci)! This meets along with the center-line of the rising trend-channel that connects the highs and low`s of the w-x-y-x-z correction. A push above the 0.618 Fibo level opens the door to 28526. Any decline below the level of 27241 (closing) will open the door to a „gap-close“ on the open gap from 26786-27174, February 5-6! In this case, more bearish potential exists. Have a great week... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
$HSI #HongKong at two resistance lines and overboughtHSI has pushed through the 28200 barrier which is the two-year 38.2% and one year 61.8% barrier, but has now reached the confluence of two channels, both of which suggest resistance and a pullback. There is clear channel and earlier low support at 26700. It’s not a great trade, but here is a good entry point, shorting 28400 (market). I have placed the stop at 29200 to be ultrasafe, so I need a full breakdown to 25750 or lower to get a decent (>3) RR. However, you could try to build a position with just 100 pt stop and see how you go. If there is upward pressure, then it’s 29000 next stop. Note the overbought indicator on this channel has worked since September. Also there is some similarity to early 2018 price/action.
TVC:HSIShort
by adatherton
Hang Seng....26000 level important!Hello Traders, Hang Seng declined to 26145.6 yesterday and then reversed to the upside. today`s session let Hang Seng gap to the upside and closed the day @ 26676. So the bullish idea of a series with „one`s and two`s“ is still valid. Note, that HS is on the way to touch the lower boundary of the trend channel that may occur at tomorrow's session. Stoch and MACD show overbought condition what may bring the index to higher price still. As before. At the bullish case, we have seen a pullback as labeled at the chart and we are at forefront to higher price still. The bearish view implies a wave (ii) to be done @ 29174.9 and declining price at the coming days and weeks. Note, that from an Ichimoku perspective a fresh „sell-signal“ occur this week because the cloud crosses from bullish (green) to bearish (red). Have a great day.... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
1
This will passWith the latest news from WHO declaring the coronavirus as a global health emergency, the world is watching China, especially the city Wuhan. To all the Chinese out there who are fighting this virus, I want to say - keep the spirit high. Protect yourself and your family. I am confident this too will pass and a better tomorrow awaits for all. To those who are spreading false news and rumours whether out of fear or malicious damage, please stop and spare a thought for those who are fighting for their lives and those working tirelessly in the forefront, the medics, doctors, nurses, healthcare professionals ,etc. They too have elderly parents, kids to worry about. These unsung heroes kept on fighting despite the pressure mounting and the false accusations thrown at them. For God's sake, no human being is perfect and rather than blaming the government, those who eat live animals, or passing racist remarks, do something useful. If you have money, donate by buying medical supplies or volunteer to help out. If nothing else, stop listening to the negativity and worse, do not forward nor add on. It is adding fuel to the fire which the world needs less of now. Have a heart, people ! Ok, back to the chart. The first dotted bullish trend line is broken down and if you had shot from the pink rectangle area, ie. 28400 to current price of 26531, you would have amassed quite a good profits. Congratulations. The second bullish trend line is where the current price sits at and it is at this inflection point that HSI must rebound. If not, there are 4 support zones for it to retest. Taking the worst case scenario, if it did falls through the crack and retest the lowest support level at 24921, then HSI would have suffered nearly 15% loss from its 2nd peak at 29819. SARS , the closest we can benchmark took about 4 months (Jan to Apr 03)and the damage was around 15% loss as well. So, I will be monitoring this closely and update as frequently as I can. Meanwhile, my prayers will go out to the people in Wuhan and China who are going through this crisis. This too will pass......
TVC:HSI
by dchua1969
Hang Seng - an alternative bearish countI posted a bullish count for the Hang Seng a little while back but looking at the speed of this correction makes me consider more bearish possibilities. Here is one of them that suggests that the run up from December 2016 to January 2018 was in fact an extended 5th wave which now requires the necessary correction which is taking the shape of a double zigzag. If it can turn around before the level marked with my purple line then the bullish count gains favour again. Lets see.....
HShort
by tomj2417
Hang Seng...Bulls or Bears? Who will win?Hello Traders, Hang Seng gaped to the upside by the opening and made a high @ 26818.8 at the first trading hour. The index then declined for the remainder of the session to an intraday low @ 26295.5! The a/d-ratio was negative with 15 stocks advancing or neutral and 35 stocks declining today. On the two graphs below you will observe the bullish and the bearish count on a daily basis! Let`s go! Bullish count: As before, the bullish variety is a series of „one`s and two`s“ to the upside. As you will notice, today`s intraday low @ 26925 is close to a validation level @ 26006 were it touches the low of a wave 2 of one higher degree. This would violate the rules and guidelines of Elliott waves. As long as this low is in place, the count is still valid. Another view to this move is, that the high @ 29175 is a wave „b“ of a flat correction, (may a „running-flat“) which will terminate above the low @ 26006! Both interpretations are still valid and will keep the count alive. The bearish view differs from the bullish in that, that the low @ 24540 was a wave“1“ and the countertrend after a „double zigzag“ correction that terminates at the area of a wave „4“ of lesser degree. It is a bit „triggy“ to count the decline from the wave „2“ high the low in wave (i) as an impulse, but still possible. It looks more as a „three-down“ so this option is also valid too. Overall I think the decline is not done and it should terminate above the 26006 levels to keep the bulls alive. Any decline below this level would bring the bears into forehand and open the door to lower prices in the coming days and weeks. Have a great weekend... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase