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Hang Seng HSI

Technical analysis update: HSI (7th September 2021)Hang Seng index declined over 20% from its peak on 18th February 2021. Then it made lows on 27th July 2021 (at 24 748.84 HKD) and on 20th August 2021 (at 24 851.60 HKD). We are bullish on Hang Sang index and we think current price is very attractive for long entry. Because of that we would like to set medium term price target for HSI to 28 000 HKD. Technical analysis RSI is bullish. Stochastic is also bullish. MACD is bullish too, however, it is still in the bearish zone below 0 points. Though, we expect it to cross above 0 which will further bolster bullish case for HSI. ADX is leveling down suggesting that neutral trend is present at the moment. Closest supports can be drawn by extending horizontal line from recent lows (at 24 748.84 HKD and at 24 851.60 HKD). Closest resistance is at 26 822.47 HKD. We will observe HSI over the coming few weeks. We will watch out for breakout above resistance. We expect this phenomenon to support bullish thesis for HSI similarly like MACD crossover. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:HSILong
by Tradersweekly
2
HSI1! 2021 Sep 06 Week HSI1! HSI1! 2021 Sep 06 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar broke previous week's high but close below its high and a third off the high = weakness. Daily: Upthrust + weakness in the background = weakness H4: Upthrust and supply came in = Weakness has appeared. However no follow through on the UHV down bar at the moment, with 25748 acting as immediate support. Opportunity for short should price return to test the high. Long will be at the channel's demand line or when price is marked down to test previous UHV wide spread bars. Strategy for Short (Test and Reject) Strategy for Long (Test and Support) Entry will be based off the price reaction to these levels: Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
1
New prediction of next week HSI (30/8/21 - 3/9/21)Greeting, this is my new prediction for the future Hang Seng Index, please forget our previous prediction without accurate information. Basically, Hang Seng Index has entered Bearish Trend. The Down Trend has gone through two waves, and the third wave will happen in the future. If it is not a big down trend, it will end the bear trend after three wave. Therefore, my prediction about the third wave is, the highest point of the third wave might be 25982.64, then the lowest point of the third wave might break through the 24748.24. It might be happened within 2 week (30/8/21 - 10/9/21), and will rebounce before break through 23124. Next week (30/8/21 - 3/9/21) may will happen a little rebouce, then drop again until the 24748.24. After that, if the trend break though 24748.24, the trend between 6/9/21 - 10/9/21 will be down trend again and the retracement will end within September. At last, we may prepare for the third wave of down trend in the future. 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.
TVC:HSI
by lsking0425
43
China Market Finally Bottomed After a Prolonged Panic Sell Off?Due to the repeated news of Chinese government's crackdown on the monopolistic practices of Chinese Technology companies that worried some investors on the long term impact of investing in these companies and the we have seen a prolonged sell off by both retailers and institutional investors in many of the Chinese Tech companies namely Alibaba ( HKEX:9988 and Tencent HKEX:700 . However, the good news is that the impact of these policies are likely to have minimal impact on the business model of these companies targeted and also from the technical aspect, we have seen TVC:HSI hitting a confluence horizontal and long term trendline support line with bullish candlesticks formed over the past few trading days. Moreover, signs of capitulation can be seen in big constituents of HSI such as NYSE:BABA , thus further suggesting that a reversal might be around the corner. In retrospect, many of these great Chinese companies are very undervalued served as a great opportunity for investors to hop on and catch some great profits ahead.
TVC:HSILong
by minjiarui16
1
30 Aug to 3 Sept 2021 bearish alert?Last week, we predict this week might rebouce until 26840. However, this week HSI has not enough power to rise back at 26840, therefore we may assume that next week 30/8/21 to 3/9/21 will break through 24750. The assumption is based on the Zigzag down trend hasn't reaches it new bottom. We predict that Hang Seng Index might reach it previous low point 23130 within 2 week in future. If HSI didnt break through 23130, then it will rebounce. This is our new update, and we might no update any new post next two week, hope everyone good luck
TVC:HSIShort
by lsking0425
Prediction of HSI trend this week 23 Aug to 27 Aug 2021Hi guys, well, as last week predict, this week probably will be the rebounce of HSI, and today it has a small rebounce. Therefore, for this week, it is importance that whether the trend will kill going up or drop down and break the bottom support line. Altough Zigzag hasn't reach it new bottom, the same rebounce can be found at the end of June 2021. Therefore, we may predict this week will rebounce as before. This is my comment for this week, and probably wont update again until next week. Sorry for poor english, if this can help some one else, it is my honor.
TVC:HSI
by lsking0425
Buyers to move. Is the triangle almost complete?For the flows here, buyers are clearly in control and have been over multiple decades - although since 2016 we have been inside a compression range which looks set to blow later in 2022. Strong support comes into play at 23,500 which should be enough to cap the outflows before continuation in a bull market towards a measure 40,000 breakout target. ↳ To the downside sellers are itching to test 23,500 and it looks within reach. It is dangerous to step in till we complete the moves, because the eye of the law is on it. ↳ After 23,500 comes the slingshot attempt towards 40,000, which will likely be a Q222 story, as will also reinstate the secular bull market and allow gains in confidence to play an important part in capital migration from West to East. ↳ To sum up, there is the following zig zag in play; 25,000 (current levels) -> 23,500 (strong support) -> 40,000 (strong resistance) Of course on the fundamental side, the rocking of the cradle from the nanny state continues and we are entering into the final chapters of the handover. Naturally when choosing a map in equities you should take into account its elasticity with the currency and the threats it can deliver, highly recommend tracking the Chinese Yuan over the coming weeks and months for any signs of distress as we enter into strong support levels.
HKEX:HSI1!Long
by ridethepig
3
HSI1! 2021 Aug 23 WeekHSI!! HSI1! 2021 Aug 23 Week Last week's long levels become short levels market did not even try to test the immediate high. Supply proved stronger. Market returned to test the UHV, and it looks like a spring has occured Weekly: Wide Spread sown bar closing off lows = Demand has come in. Daily: Wide spread down closing in middle, rejection of lower prices. Reduced bearish volume on the test. H4: Demand has come in to support the market. Bearish effort no result, reduced bearish volume on test of previous low. Prefer to long on test of low. Strategy for Short (Test and Reject): - 26900 - 26584 - 25814 Strategy for Long (Test and Support): - 25400 - 24780 - 24306 - 23870 Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677
Next week Hang Seng Index Rebounce? As we predicted last night, today the hangseng index come to the lower point of 24748 (27/7/21) before, but didn't break through the lower point. Therefore, the main point for next week is whether the hangseng index will rebounce or not? Reading from MACD and RSI, even today come to the lower point, but the RSI and MACD not yet touch or over the lower point as 27/7/21 reached. It may be study as it might potentialy rise in the future, but on the other hand, it may also study as remain potential to drop again. All the assumption have to depend on the CHINA government policies. Therefore, we may observe the trend on next Monday whether it rebounce or break through the frame.
TVC:HSIShort
by lsking0425
will HSI Index Rebounce or continue Retracement at 20 AugustToday HangSengIndex drop as expected, therefore the main point is, will the retracement will end at tomorrow 20/8/21? According to our analysis, we expect that August will be the month of retracement of HangSengIndex. This week will decide whether the index will rebouce or keep dropping, we expect 20/08/21 will be the last drop of HSI. If next week monday, the index break through the bottom support line of 24755, it might start to drop more faster than expect, but if rebouce and rise at next week, we expect it might rise back to 26800 next month. Or, 3RD possiblility, is that it might go as pattern (3) as the chart listed, and continue retracement until the end of August or Half of September SORRY ABOUT THE POOR ENGLISH AND HOPE EVERYONE MAY EARN PROFIT IN FUTURE.
TVC:HSI
by lsking0425
The worst is over for Chinese stocks BABAIf you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BABA but all names have something similar is as follows. I treat that panic as an exhaustion and behavioural pattern confirms that so I consider the worst is over. Personally, I played that dangerously catching falling knives and loosing hairs so my words bring some sort of hope, but from technical perspective the situation is as follows. Another option is to treat the current leg up as a retest of the previous support but usually when you have seen that sort of panic and all the papers writing the same thing - it is just over. I expect some turbulence at this resistance since bears will try to play down the move but final move is gonna be UP. The first arrow is my initial momentum play. I expect to see some kind see-saw after the first leg and the second arrow reflects my further expectations.
NYSE:BABALong
by crazywlst
The worst is over for Chinese names BIDUIf you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BIDU but all names have something similar is as follows. I treat that panic as an exhaustion and behavioural pattern confirms that so I consider the worst is over. Personally, I played that dangerously catching falling knives and loosing hairs so my words bring some sort of hope, but from technical perspective the situation is as follows. Another option is to treat the current leg up as a retest of the previous support but usually when you have seen that sort of panic and all the papers writing the same thing - it is just over. I expect some turbulence at this resistance since bears will try to play down the move but final move is gonna be UP.
NASDAQ:BIDULong
by crazywlst
2
This week maybe the week of HSI retracement? Now the trend of HSI seems like a shortly retracement, and there is two possible trend in future : End the retracement at this weekend , or continue until the end of August. We all know that the the worldwide retracement is nearly happen, and the situation of HSI is probably happening early before the worldwide retracement. Therefore, we may be patient about the retracement of HSI. Not a professional, Not a good English speaker, just a man publishs his idea, good luck everyone
TVC:HSILong
by lsking0425
HSI1! 2021 Aug 16 WeekHSI1! HSI1! 2021 Aug 16 Week Gentle ascend, intermediate trend channel established. High probability short trade from the upthrust. Tested Historic UHV High from 27 Jul Weekly: Up bar close above middle (some strength, but supply still present) Daily: Strength coming in H4: Supply still present and Lower High Strategy for Short (Test and Reject): - 26900 - 26584 Strategy for Long (Test and Support): - 25815 - 25560 - 24743 - 24930 - 26340 (ultimate confirmation if there is acceptance at this price followed by strong bullish volume) Have a sane trading week for Hang Seng : )
HKEX:HSI1!
by paradox677