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Hong Kong Stock Index (Can dive lower!)View On Hong Kong Stock Index (29 JAN 2020) HSI just retest the lower band of UPtrend line. After some struggle, it shall dive lower. I expecyt 26,500 - 26,800 region will be a next TP level. At the same time, 28,000 will be a ceiling resistant 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...Not done to the downside!Hello Traders, Hang Seng gapped this session to the downside, leaving a massive open-gap @ 27949 – 27101 and crossed the middle line of the corrective trend channel. So this channel implies a corrective „character“ and opens the door to lower prices in the coming sessions. The high on January 20 @ 27174.90 possibly was a wave „X“ as the move broke out of the upper line of the trend channel but failed to exceed higher highs at the following hours. Instead, it declined back into the channel and made lower lows, leaving an open gap and touched the middle line of the channel 27706 on Jan. 23. The next day Hang Seng gapped lower again and closed the session at 27160. This is near the target range I called at my latter analysis. The next target level is at ~ 26750 area, the up-sloping trendline, depending on when and if it will achieve. If so to come we have to check the pattern for more information. For now, it is clear to say, that more bearish potential exists! Today`s gap-down could be an „acceleration-gap“, which often occurs at a wave „3 of 3“ in an impulsive pattern. Only a push above 27988.60 will clear the chart for higher price to come (hourly close at minimum). Till then we observe the pattern very closely and judge in the coming hours what`s next to expect. Have a great week... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
World Equities to Face Huge Selling Pressure due to CoronavirusHang Seng and major Chinese indices are going to be tested immensely with massive selling pressure as the virus continues to worsen; latest updates show contagiousness even before individuals show any sign of symptoms which is exacerbating the worry level in China and around the world. With rising cases, it is likely the WHO will declare a global emergency and when/if this happens that will sharpen the equity declines. The markets, as overbought as they are around the world, particularly in the US, a 5% pullback cannot be ruled out. As for the Hang Seng, the first target is roughly 27,150 with a 2nd target around 26,500. If the latter target fails we could see the Hang plummeting to 26,000 or lower. In the long-term the markets will rebound, however it may be many weeks before the markets grapple with this. While in the past markets were able to rebound from H1N1, Ebola, Sars, etc, it is important to note the markets were not nearly as overbought as they have been (particularly the US markets). It cannot be ruled out that the SPX can fall to the 3026 level if this is not contained quickly. At this point, it seems that it will take a while to contain. With a trade war still somewhat present, and a fragile global economy, this outbreak certainly has came at a very poor time. - zSplit
TVC:HSIShort
by PaulDeep19131
1
Hang Seng...A 0.382 Fibonacci achievedHello Traders, Hang Seng topped on January 20 @ 29174.90 and declined to 27706 (intraday low) today. This move is a „three-wave“ down and left an „Island-reversal“ gap at chart. This kind of gap often occurs at the end of a trend and signals a change of trend possibly. If this correction was an a-b-c of an expanding-flat, the move can progress to lower targets, or it was all of it, `cause the length of the second leg is more than a 2.618 Fibonacci of wave „a“. Normally at this point, we have to switch from a corrective count to an impulsive count (letters to numbers)! Note, that the correction passed the 0.382 Fibonacci of the total advance from 25995-29149. this was a typical retracement for a wave „4“ of any degree. If it was all we can label the chart as a wave (4) low and hew highs are next to expect. If not, there remains a lot of gaps at the downside, possibly they all are going to be closed at the coming hours and days ahead. The indicators and oscillators are declining too(daily) and a break of the middle line of the trend channel (daily chart) opens the door to the lower boundary around the 27k area. Have a great week... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
Hang Seng: Emerging Golden Cross on 1D. Buy opportunity.This is an update to our HSI position posted in November with regards to the bullish signal on a symmetrical pattern as seen below: At the moment the 1D chart is on neutral price action (RSI = 51.993, MACD = 310.060, ADX = 31.212) which technically is a good buy signal. On top of that, a Golden Cross is about to take place on the 1D chart, which is an even stronger buy signal and if the price bounces off of it, it will make a perfect Channel Up. The first Target of 29,000 has already been achieved. 29,500 and 30,200 are next based on the Symmetrical Resistance levels. In September, 2019 we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope
1
Be still......Yes, so I saw the sea of red across the global stock market, commodities, cryptocurrencies and futures as well. For those who saw it coming and shorted the HSI, congratulations. If you are long on HSI, like me, fret not and panic not. Apparently, it is due to the pneumonia flu that is happening in China and is spreading to other countries. And this is also exacerbated by Moody rating agency downgrading HK debt citing government inertia to control the ongoing protests. Now, it looks like the selling seems to have taper down and may goes further south tomorrow or the day after to 27,564 level. At this level, I expect a rebound. Like Sars that happened in 2003, the most affected industries would be the inbound and outbound tourism. However, due to the upcoming Spring Festival Holidays and millions of Chinese would be returning to their homeland (eg. those working in Tier 1 may return to Tier 2 or 3 and those abroad may return back to China) to have a yearly reunion with their family members. In this aspect, I doubt the tour business would be severely affected. China is now doing all that it can to help contain the virus and hep allay public fears by napping those who spread fake news online, creating unnecessary anxiety to the public. So, I would be awaiting tomorrow to see an opportunity to get in to HSI and many HK/China stocks that have fallen 1-5% today. Trade safely, always use a SL, apply risk and capital management appropriately and adopt a positive mindset in trading and investment. GBU>
TVC:HSILong
by dchua1969
2
Hang Seng...Boring!Hello Traders, not really much new to add. Hang Seng failed this week to decline significantly lower and the move from 29149.50 look like a sideways consolidation. If so to come, HS will make a modestly lower low below the 28619 from January 15 to complete an a-b-c pattern. At the longer-term chart there is to observe, that HS is clearly in an uptrend and closed this week above an uprising trendline (blue) that may indicate a wave „3“ has started. But we need more price action to confirm such a move on a weekly basis. Overall the uptrend is intact and HS is still hiding to the 30000 levels in the coming days and weeks as long as 27857.70 on a daily basis is valid. Have a great weekend.... ruebennase Feel free to ask or comment.      Trading this analysis is at your own risk!
TVC:HSI
by ruebennase