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Hang Seng HSI

2021 Aug 02 Week OANDA:HK33HKD 2021 Aug 02 Week Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar. Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision. Price bounced off Monthly channel demand line. Daily: Shakeout + Reversal = Strength. Market was resisted at 26340 temporarily. Given the UHV, there should still be supply to clear. H4: Bar A UHV ultra wide spread bar closing off low = strength. Automatic reversal after climatic Bar A has reasonably good bullish volume. Test of the lower region of bar A is to be expected. Bar B test of low has off the low and level with bar A, some demand is present. Strategy: (1) Red/Green zones = preferred entry (2) Dotted Red/Green is to indicate late entry, but risk will be higher since SL is further away Remember to follow and like if you find this useful. Have a profitable week ahead.
OANDA:HK33HKD
by paradox677
Stocks - What Next?Idea for indices: - As expected, Robinhood IPO was the trigger for global sell-off (other factors involved obviously, but I have been posting about everything macro related in other posts). - China continuing to lead down. - Look how the deflationary wave hits HSI > Nikkei > EU > US. Dome tops forming everywhere. - ECB actually has greater QE than US, so EU index performance is a critical tell for deflationary forces vs. QE. - Watch China Tech ETFs to lead US indices down. Managers will need to also liquidate US positions as their portfolio % exposure becomes overweight. I've been enjoying watching Nikkei lately - it just broke a critical support and 200 DMA (6m low), officially a bear market if it consolidates losses. However, it is still holding 50 WMA and 200 DMA in real performance... waiting for US markets for confirmation. Bearish bias here, turning point is due. Aug 2 debt limit will be in focus. Early August is my trigger for reversal confirmation. If it holds, we can back off and try again later, but rugpull is definitely due. Already short US indices (long vol). Nikkei real performance (relative to currency): Here is what I think will happen to Nikkei next: GLHF - DPT
TVC:NI225Short
by UnknownUnicorn1043646
Hang Seng Index Futures at Key Inflection Point, Top to Resume?After tumbling recently, Hang Seng Futures are back to retesting a former trendline from 2020 as new resistance. This is also around the often pivotal 61.8% Fibonacci retracement at 26078. The near-term 20- and 50-day Simple Moving Averages (SMAs) still offer a downside bias, potentially acting as key resistance in the event prices materially push higher. Otherwise, downtrend resumption entails clearing key support, which seems to be the 78.6% level at 24708, as the index flirts with bear market territory. HSI1!
HKEX:HSI1!
by QM_Dubrovsky
1
Pacific Basin 2343:HK Possible entry opportunityUptrending since January with strong support at the 20 EMA. The most recent dip is collateral damage arising from the China tech crackdown, which has seen the tide lower across the HSI. This represents an opportunity. Additionally, huge supply and demand factors in the global shipping industry at play right now. I expect a bounce off 2.82 if not before that. Speculative target 50% exit at 3.35 (~7 days). Laughing all the way to 3.50 (~15 days). Do your own research.
HKEX:2343Long
by Callyflakes
HSI DailyDaily RSI went oversold so it got a bounce, but I think there's further downside because their own government keeps crushing various stocks. I don't think Xi gives a rat's ass about the stock market any more, obviously he's trying to squash billionaires. It's supposed to be a communist country, after all. Also, Xi WILL invade Taiwan while Biden is in office. He's made that a goal, and he's 68 so he knows he doesn't have a lot of time left to leave his legacy. If only there was a way to get inside info on WHEN, you'd make a killing with EWT puts. Maybe he does it to celebrate his 70th birthday in a couple of years, no real way to predict.... Anyways, see the highlighted peak, expect a similar whipsaw down.
HKEX:HSI1!
by hungry_hippo
3
HANG SENG INDEX Will Go Down! Sell! Hello,Traders! HSI is trading below a strong horizontal resistance That was established 4 months ago And once the index retested the level We saw a nice bearish reaction Given the renewed lockdowns in some parts of China Together with the 2nd biggest port brought to a halt And the persistent news of the Radioactive leak In the Southern Provinces The sentiment isn't optimistic And the date on sales of cars and smartphones China confirms that All of that combined make a bearish correction very real And the target is near the previous low that stands at -4% Vis a vis the current levels Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
HKEX:HSI1!Short
by TopTradingSignals
1