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(HKG33) Hang Seng index of Hong Kong(HKG33) Hang Seng index of Hong Kong(HKG33) Hang Seng index of Hong Kong

(HKG33) Hang Seng index of Hong Kong

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Hong Kong Budget 2020/21 and HSIWill this budget help push the HSI higher ? Currently, HSi is now at the resistance zone where it was last visited at 18 June 2018. Profit taking is the theme now with many indices like Nasdaq, SPX500, DJIA , etc tumbling down. There is news that interest rates is going to spike but personally, I think that is overblown.... With unemployment remaining high in HK, people forced to stay home, the entrepreneurial spirits of the Hong Kong people will create more online businesses, imo. I believe the freelance markets not only in HK but globally will increase tremendously and change the employment landscape. Imagine being retrenched at this time and with many companies not hiring, you will be forced to think out of the box to find an income. Food delivery , private hiring, home baking, to name a few will be popular as it relatively easy to start. So long as one is willing to put in the hours, the money is there ! Others can tap on the ecommerce market to sell things online from handicrafts to promoting their services. I will wait for the pullback to complete before adding more.
TVC:HSILong
by dchua1969
1
Hang Seng.....All of wave ((iv))?Hello Traders, Hang Seng has made a new low at 28957.31 yesterday. It nearly touched the uprising trend line, which connects the highs of waves (i) and the low of waves (iv) and bounced today within a 784.56 points advance to 29880 on a closing price. The low at 28957 is either all of wave ((iv)) or it is wave (a) of ((iv))! In the latter case, today's advance is part of wave (b) what can develop into a flat or a variation thereof. Note that the pattern of the correction between waves ((i)) and ((ii)) took the shape of an „expanding flat“. Following the rules of alternation, it could be that a flat or a triangle is under construction! At the bullish case, it needs to pop above the high at 31183.36 to clear the view and judge that wave ((v)) is underway. Have a great week..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
2
Hang Seng.....Wave iv done!Hello Traders, Hang Seng has made a new high @31084.95 on a closing basis (intraday at 31183.36) and pulled back to 30099.71. It closed the open gap left by trading on February 16. This low could be wave iv of v of (v) of (iii)! If so, HS will make a new high on both, intraday and closing basis, in the coming days ahead. The alternate view suggest a more complex structure for the coming week or two. If HS is on a rally path, a common target for HS could be around the 32069.08 area, where waves (iii) of (v) of Y is a 1.382 Fib.-Extension of wave W-X! It needs a decline below the area of 28259 to change the bullish view short term. Note: the blue arrow means the more expected scenario, while the gray means less expected scenario! Have a great weekend..... Feel free to ask or comment! Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
1
Hang Seng.....Sideline!Hello Traders, Hang Seng has reached to 30191.16 on January 25! This high could be a wave (iii) blue of ((iii)) black! If so, a corrective move within a wave (iv) is under construction. As you know waves 4 of any degree can morph into a complex structure, as a double, triple or triangle for example! While the structure of this pattern now is not clear to my view, I step at sideline, as long as a clear pattern develops. Trading above the 30191.16 level can act as a Stop buy signal, while declining below the possible wave (iv) blue level @ 28259.73 can be part of a wave c underway. I will update the chart in the coming hours! Have a great week..... Ruebennase Trading this analysis is at your own risk! Feel free to ask anytime!
TVC:HSI
by ruebennase
Hang Seng Index daily long setup(asset allocation)Actually, 30000 is a key level where buyers need to take a rest. From the daily perspective, a 5% drop is expected shortly after. However, the five o clock drop style is believed to be unsustainable. There are two possible scenarios as below to play with: 1. Drastic fall occur early next week. Price hit the daily zone and bounced back from there 2. Sideways for a while before MAs coming up. No matter what, HSI is really attractive(valuation) compared to mainland China. A lot of fund coming to HK market via the 'Stock Connect' scheme. Our team also recommends clients to allocate on such funds.
TVC:HSILong
by JICPT
HSI - Potential Bearish Engulfing on Weekly CloseIt is very crucial for the last trading day of January 2021. If the weekly candle close below last week low, it will engulfed by a larger red candle indicating a shift toward lower prices. 1. As proven on last trading week of January 2018, 2020 which was also year high for that particular year when this happened. 2. Being resisted twice by 2019 year high at 30,280. So, is the trend repeating? Is the market already top for the year of "BULL" (2021)? I hope not. However, the past performance is not always*(sometimes it does)* indicative of future results. Be cautious. Stay safe and Gong Hei Fat Choi! <3
TVC:HSI
by Inandouthunter