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Hangsengindex

Resistance, Resistance, ResistanceThe Hang Seng Index has been running in the range of 27800 - 29000 since July. Last Friday, we saw a +400 points of strong rebound after hitting a lower low of 27745. The daily turnover has also increase from 70 billion to 100 billion, which may indicate support and potential reversal. From the 1-hour chart, we see that the index has reached the top of the downward trendline, i.e. around 28220. The next trading day would be critical. If the index goes beyond 28330 (top of downward trendline of 1-hour chart with wick), we may see a breakout pushing the index further to the next resistance level. From the chart, we also see levels and levels of resistance ahead if the index goes up. During a time which the trade war is progressing and China is under heavy capital control, we do not think that the index would break through these resistance levels. Our trading strategy: - SHORT position if the index does not stand above 28330. - If the index goes beyond 28330, monitor at resistance levels and look for SHORT position - The target would be around 27330, which is 1000 points from 28330. Feel free to leave comments / share your idea!
TVC:HSIShort
by chchart
2
Hang Seng Elliott Wave Analysis: Correction HappeningHello Traders, In this Elliott Wave Analysis, we will have a look at the Hang Seng Index. Short-term view suggests that the rally to 31521.13 high on 6/07/2018 peak ended blue wave (2). Down from there, the decline to 27990.45 low is proposed to have completed blue wave (3). The internals of blue wave (3) unfolded as Elliott Wave Impulse structure with extension. This suggests the sub-division of each wave lower (i.e. red wave 1, 3, and 5) unfolded as 5 waves structure. Below from 31521.13 high, Red wave 1 of blue wave (3) ended in 5 waves at 30874.1 and red wave 2 of (3) ended at 31242.86 high. Then down from there, red wave 3 of (3) took place in extended 5 waves & ended at 28169.1. Up from there, red wave 4 of (3) ended at 28962.29 high, and red wave 5 of (3) ended at 27990.45 low. Above from there, the index is correcting cycle from 6/07 peak in blue wave (4) bounce. The internals of that bounce is expected to unfold as an expanded flat. As far as a pivot from 6/07 peak (31537) peak stays intact, the index is expected to fail 1 more time within blue wave (5) towards 27588-26540 target area next. Afterward, the index is expected to find buyers there for larger 3 wave reaction higher at least. We don’t like selling the Index
TVC:HSIShort
by Elliottwave-Forecast
Looking for Breakout in HSIThe Hang Seng Index has been in a downward trend for one month (since 8 June) and currently undergoing a downward channel. The US and China tariff and trade war issue has been affecting market environment as well as investor sentiments for the period. We have finally come to 6 July, the effective date of the US tariff, and we witnessed some heavy rebound in the trading day. Looking for a breakout and the big move on the direction in the next trading day. Will it be a chance of REVERSAL or CONTINUING WITH THE TREND? Feel free to leave comments / share your idea! Long Entry: 28500 Short Entry: 28100
TVC:HSI
by chchart
3
HSI in new channel to the sideHSI has reached ATH at 33484 on jan 29. Probably it was the end of wave 5. After having passed the ATH it fell down on to the lower limit of the existing ascending trend channel. In the next weeks this limit has been tested till it broke to the bottom. We can now analyse that the new trend was installed when the index fell on the lower limit of the old trend channel. And we´re in a neutral trend channel with high volatility now. The fib retracement 78.6% at 30.935 is the actual resistance. RSI is below 50 with a little positive trend but MACD is negative and trigger line is just about to cross the signal line. = negative sign In my view the market is nervous and could surprise the investors with unexpected movements. Time to take profits and to be cautios. HSI would show new bullish signs when a) the resistance is taken and b) the upper limit of the trend channel is broken to the top
INDEX:HSI
by Luettis
HSI is crashing, isn't it? How much more can it drop?Here is our forecasting report for HangSeng Index (HSI) on 6 February 2018. Enjoy. Good trading NinjaSingapore 6 February 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
TVC:HSI
by NinjaSingapore
HSI hit a 10-year high on 15 Jan 2018 but what's next?Hang Seng Index (HSI) has hit a 10-year high today at 31733 but eventually closed in a bearish candle at 31338. The index has been going up and up since the beginning of 2018 and finally it turned into a semi-long bearish candle. Investors like you may be wondering the index will resume its uptrend since the recent low of 28134 on 7 December 2018. From a technical outlook, this index remains in an upward bias. Based on our forecast, however, we will be watching for retracement at two key levels - the first one will be at 31360 and if this level does not provide the necessary support, the next level will be 30000 which is also the psychological level of this index. We will monitor these levels closely and see whether the index will potentially resume its move to the upside. Good trading NinjaSingapore 15 Jan 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
TVC:HSI
by NinjaSingapore
Our Forecast of Hang Seng Index in the following weekHang Seng Index has been in a near-term uptrend since the beginning of December 2017. The question is whether HSI will close at 30000 by the end of next week. Please take note that the market will be closed for 25 & 26 December 2017 in observance of the Christmas Holiday. HSI made a recent high of 30,200 on 22 November 2017 and since then it went all the way down to 28135 on 7 December 2017. Investors like you may be wondering the price movement of HSI in the following week. From a technical outlook, the index has a near-term upward directional bias since 7 December 2017. Based on our forecast, if the bullish momentum continues, we could potentially see the index test the 29760 as the first level of resistance. If this level is clear, it is possible for HSI to retest the 30000 psychological level, followed by 30200 which is the high on 22 December 2017. On the other hand, if this move is not sustainable and the index were to make a U-turn to the downside, we could potentially see the index test 29140 as our first target level, and if this level cannot provide the necessary support, the index could potentially be retraced to 28950. Good trading NinjaSingapore 23 December 2017 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
TVC:HSI
by NinjaSingapore