HSI1! 2021 Jan 18 Week
HKEX:HSI1!
HSI1! 2021 Jan 18 Week
Red Greed zones = preferred entry levels
Grey box = price rotation
Price rejection observed at 28675 - 28620
Price rotation observed (grey box)
For a long trade the bottom of Bar A should not be broken.
Intermediate support = 28313 - 28371
Resistant2 = 28970 - 29000
Resistant1 = 28620 - 28675
Support1 = 28168 - 28198
Support2 = 27757 - 27806
Support3 = 27402 - 27461
Trade Management
Profit target can be 30% / 50% / till next zone
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HKEX:HSI1!
Hang Seng HSI
Important week and a very important Monday.Is it about to reverse or go bazooka?
Trend is up and there hasn't been convincing distribution in approach to the current levels.
Only things favouring a selloff from here is low volume and the red trendline.
Failure to reverse here can see it shoot up 30k. Reversal from here can see it quickly drop to 26k. Real difficult to call this one.
What do you think?
HSI1! 2021 Jan 06 Midweek Update
HKEX:HSI1!
HSI1! 2021 Jan 06 Midweek update
Post Monday 4 Jan's observation
Price if continues on an uptrend, I will look to buy
if I see a Ultra High Volume wide spread
down bar has formed, examples marked by red triangle.
Remember to look for entry on a lower timeframe.
Resistant3 = 28619 - 28755
Resistant2 = 28318 - 28379
Resistant1 = 27901 - 28012
Intermediate resistant = 27753 (price rejection from 2020 Feb 10)
Support1 = 27325 - 27400
Support2 = 26854 - 26947
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Accumulation and Timing the Trades.For second week in a row, we sold on Thursday anticipating a selloff on Friday but both times it happened on Monday. We sold in good areas but timing was off by a day. I am not comfortable holding a trade over the weekend unless well in profit. It can be argued that trades should be given enough room and time. Valid point but Gaps are a common theme in HSI futures and i have seen gaps of up to 1000 points. I always insist on timing the trades because i personally like to time the quickest moves in the market and then spend majority of the time on the sidelines. Staying on the sidelines help me stay unbiased.
For market makers to accumulate, we retail traders have to sell. In order for us to sell, market has to look weak, indicators have to give sell signals, wave counts have to suggest 3rd of 3rd of 3rd. Up moves have to look laboured while the sharp moves are swift and so on.
Hang SengLooks to me like the Chinese were responsible for the EOD pump, HSI and KOSPI are both up .6%.
HSI has a long way to go until it hits 2018 peak, so don't be surprised if you see more random pumps like we had Tuesday. Also note that they love NQ, which is green right now while ES, RTY, and YM are all red. Asians love to pump tech.
Hong Kong Hang Seng Index New Target 27,000 $HSI We have broke 25 and 26k, next stop is the 200 ma (red line), channel resistance and psychological level of 27k.
Because of how fast we have run in the last couple of days, I do expect us to retrace back to the blue line and even the 50 ma (yellow line) at some stage. It is likely that we retrace back to the these levels before going to 27k.
Add some China to your portfolioRead this news here
USA has 30 trillion , ie . 3 times the market cap of China which shows that at the rate that China is growing, it has 3-5 times the potential of future growth.
HK has about 4 trillion right now and with the recent changes made to its policies and China's intervention, I believe for HK to double its market cap is possible in years to come.
Do compare the HangSeng Tech index ETF for the different expense ratios.
China has a lot to offer and its growth story remains one of excitement and mystery as it continues to open up its economy to the global stage.......