HSI1! trade ideas
HSI hit overboughthit overbought on RSI but there's a chance it goes for the gap fill.
Might have to short Chinese ADRs Friday if it does.
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!
HK Hang Seng Index bearing the bruntThe HSI is bearing the brunt of the China regulatory actions, as equites are being dumped. A second day down, slightly more than yesterday's magnitude, brings the technicals bearish and suggest more downside to follow until the next support.
HODL!
HSI UpdateNot oversold yet, more room down on Monday. The way the govt keeps beating up the market, I would not consider going long. Just wait for the next short opportunity
Hang Seng ready for a big bull run and catch up. The worst of fundamentals are over and fully discounted and act upon; riots, security law, China supposed disregard, enough time of selling by global managers.
The truth of "cyclical" better fundamentals; lowest PE ratio, most attractive valuations for a most developed liquid market in Asia, China actually even more so will ensure it's version of one country two systems work. Like latest IPO, no restrictions on HK idea, the further integration with Pearl Delta positive effects will soon solidify, stability will bring prosperity & greater confidence (don't believe the great exodus hot propagated story, businessmen go where the money is, not politics ideology).
The technicals are now ready. The daily charts have formed a nice base, and started moving up even in the midst of a few days of bearish moves in US Nasdaq & S&P. The underlyings for the 1st time in a long while points to Hang Seng out-performing. Study and get ready.
HSI OverboughtHmm. Overbought on the RSI into resistance? On the other hand China just cut the reserve requirements. Bearish at the moment but could see more upward movement.
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.
HSI at the edge of the cliff
HSI broke 28130 eL, if it can not recover this position at today's trade, then it may very likely sink forward Fib 0.382 @ 27347.
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!
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See other ideas below too!
HSI way overboughtMight hit resistance line though
The other interesting thing is taht they're not pumping US futures much
HSI Hit Oversold yesterdayHSI hit oversold on both my 3 hr and daily charts, I doubt it gets too pumptarded because their government is keeping everything in check, but you figure a one week rally or so. That's why I'm not shorting Chinese ADRs today.
HSI OverboughtHSI is still overbought on MFI, I expect it to drop next week. China seems a day or two off from the rest of teh world. Grabbed some PDD puts on this morning rally.
HSI1! 2021 June 21 Week (Intraday)
HSI1!
HSI1! 2021 June 21 Week (Intraday)
Market has made lower high and we can now visualize a down channel.
Intermittent support at 28441.
Scenario:
1) Short opportunity if price returns to test 28751 - 28655 region
2) Wait for price reaction at red/green zone before taking position.
HSI Expecting Bullish Trend Continuation HSI broke above its downtrend line with positive momentum and positive flow.
HSI is expected to trade towards 261.8% Fibo level at 27950-28000 level.
A break below 26,500 level will falsify the analysis.
Buckled up for the Roller-coaster June
As always, to read in junction with my previous analysis with link above is advised.
HSI1! 2021 June 14 Week (Intraday)
HSI1!
HSI1! 2021 June 14 Week (Intraday)
Weekly, Daily = Bullish | H4 = TBC
Past 7 days in rotation. rotation range zones trade levels remains.
Bar 2 and 3 are weak.
Red/Green zone = preferred entry
HSI1! 2020 May 31 Week (Intraday)
HSI1!
HSI1! 2020 May 31 Week (Intraday)
Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation
Bar 1 = weakness, no result from effort
Bar 2 = Upthrust = weakness
Bar 3 = reversal = weakness
Red/Green zone = preferred entry
Immediate support = 28942
If price continues to peel away from the supply (upper line of the channel,
means upward momentum may be weakening / pausing.
