HSI: Prepare to shortAs shown in the chart, while there MAY be some upward leg still left in the "Pearl of East", the current setup favors shorting.
HK50 trade ideas
Hang Seng..... Test of resistance zone next?Hello Traders,
Hang Seng is trading below the two important zones which ranges from ~23700 (support) to ~26800 (resistance)! A break of both levels should have tremendous impact on the long-term chart picture!
Short term, I favour, that HS will run to the upper line of resistance at ~26800 area to re-test the level!
A break above that zone, should open the door to 27200 range, where an open gap has left by trading on July 23-26-2021! If this area should be taken off the market, the next challenge would be a break of the declining trend line (blue) that crosses 27200 zones on a weekly basis!
On the other hand! A close of the open gap at 25808 would open the door to 24800 range with more bearish potential if it should „fall“!
In this case, a test of the support range (green trend line) is next!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
What's up , China ?If we look closely at what the Chinese government have been doing of late, I would say they are indeed doing a great job for the people of China. From clamping down on the 996 working culture , stopping the fan culture online and drastically reducing the amount of tuition for kids........
Living in Singapore, we are not too much different. Parents with kids are also sent to a frenzy when weekends come. They act as chauffeur for their kids, sending them from one enrichment program to another islandwide, hoping to give them a better edge in life.
This article here prompted this Taiwanese entrepreneur to take things in his stride and created an eco-farm where his kids and the public can now enjoy and spend more time with nature rather than the mobile phone or laptop.
The big picture is to ensure the Generation Z and younger would have a life outside of their virtual world, parents who are slogging hard to make money would not feel so stressful each day worrying about their kids' academic results or extra curricular activities. And of course, down the road, I expect more benefits like maternity , paternity leave , cash grants , etc to be dish out to incentivise more couples to have more children.
The notion of "getting older before getting rich" is a concern for the Chinese government and they have to do whatever it takes to turn the situation around. Retirement villages , eldercare services are relatively a new concept in China unlike the US and Europe and it will take some times before we see a change.
And because of the "elitism" mentality, many parents are buying properties near the schools they want to enrol their kids. Government has also move in to rein the red hot booming property market and those properties around the school areas have witnessed a drop in pricing after the clampdown on the private education sector. Read article here
When reading the news daily ,it may appear that there is a BIG CLEAN UP by the government. Many industries have not been spared and I think more sectors will not be spared in the coming months.......
Chikou Span Breakout: Long HK33HKD (M30)Daily Chart: Price closed above Kijun.
Within the next few days, a bullish bias is expected.
M30: Long re-entry opportunity.
Buy conditions:
1) Chikou > price
2) All Ichimoku signs are bullish
3) Tenkan + Kijun + SSA + SSB + 200 EMA are all pointing upwards
4) Price > 200 EMA
Hang Seng..... Counter trend underway!
Hello Traders,
by Monday`s opening HS gaped to the upside and keep rising for the rest reminder of the week!
On a daily basis it look like a (not text book like) „morning star“.
If the high at 25437 will be taken out of chart, the door is open to 26560. As I wrote before, „step-by-step“!
A break of the possible „morning star“ pattern low at 24865 would release more bearish potential. May be to 24636-24543! Note the open gap that ranges from 242399-23966 (hourly chart)!
On the broader picture, you will observe the bear market, where HS is trading at. So, any pull back of the lows, could be „counter trend“ in this market.
Note!
A drop below the support zone @ 23697 could have tremendous impact on the midterm chart picture.
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Hang Seng..... Counter trend underway!Hello Traders,
NIFTY50 is on track to my price target @ 18453.
More bullish potential exist.
Any pull back that ends above or at 17436-17211 range is a corrective setback on lower degree.
A break of this level should open the door to 10756 and below to 16700 area!
While N50 is rising since the level of 17300 range without any stronger correction, the air becomes „thinner“ as long as the bull-run is underway.
So be prepared for a possible hard and quick setback!
I will update the count if my midterm price target got hit!
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
Stocks - HSI Leads DownIdea for Indices:
- HSI is in something like an island top reversal. Was expecting a bounce to 20 DMA, but only seems to be getting 9 DMA and looking on the verge of collapse.
- This "bull flag" that it was in previously resolving in this way is a huge clue... as this pattern exists right now in so many important markets globally.
- China has already popped their bubble and will lead down, liquidity flows will be HSI > NKY > DAX > NDX > SPX. The deflationary wave is coming IMO.
Next leg down for HSI likely 19 or 21k. This may not translate fully to US markets, but at least should see the bottom of the risk range, so NDX 14k for this initial move. 7-15% correction from the top on US markets.
GLHF
- DPT
HSI trend today tipsOh no, HSI trend gap low open again, will the up trend end here??
Quick tips, yesterday the candle end as OVERBOUGHT yellow candle, therefore the retracement today is normal. And the trend has already reached the Fibonacci middle area, so the retracement is predictable.
Therefore, only if the trend did not break through B point, then the trend will up trend again stonger, but if break through B point then rebounce, the uptrend is weak.
Hope this idea may help you.
Prediction for HSI in OctoberGreetings, and good news for you. Now Hang Seng Index has confirmed its W base and has stood above 10 and 20 EMA successfully, the total trade volume increased gradually this few day. If the trend can stand above 50EMA succeessfully, a small bullish will start in this month.
Even thought all investors in Hong Kong has digested the debt crisis of Evergrande (3333) and America Fed cuts debt purchase plan has been delayed until December, they might influence HSI market badly in the future at anytime, probably the end of OCT and in November. We should be careful for these influence too.
But, most of the blue chips stock has been stablelized and start to go uptrend, this week the uptrend probably will continue until it tested the top pressure of 25800. If stand above 25800 successsfully, it is good sign.
Because of the small uptrend has been confirmed, i will no update any information in the future until the down trend start again.
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..... 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!
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.
=========Extra Small Plea=========
If you feel this analysis are helpful, may feel free donate to me through Paypal.
Link: www.paypal.com
HSI LONG?EVERGRANDE involved very bad for HSI but now on this monthly chart she could bounce from here. Maybe that 1M is too big time frame but see that fib levels
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.
HSI at resistance, can it hold?Big down move today due to chinese stocks getting a hit. with the property stocks bringing in the big red candle.
hangseng shortlooking for risk entry i think there is double bottom but i'm looking for triple bottom so i'm going short because situation is kinda not clear so i'm looking for short pos always manage ur risk
