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HSXHKD trade ideas

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
Hang Seng.....Close the gap next?Hello Traders, Hang Seng made his low at 24748.84 3 weeks ago! Since, it has risen to 26391 (closing basis) and creates a „bullish-Engulfing this week. This favours the idea for 2-3 more weeks with rising price. If so to come, HS will close the open gap from 4 weeks ago at 27321, closing price! To me, it looks as the correction should be done on the week of 21.-26. July with the long shadow at that weekly-candle! If so, HS is on the way to 27800 area first. More bullish potential exist! A drop below the range of 25961-25743 would open the door to 24748, with more bearish potential if this level should break to the downside! Have a great Sunday..... Ruebennase Feel free to ask or comment1 Trading this analysis is at your own risk!
TVC:HSI
by ruebennase
2
Hang Seng.....Bearish territory entered!Hello Traders, Hang Seng broke below 26861 and has declined to 24748 area on July 27! This could be a good portion of wave 3 as visualized at chart! An open target is at 2358x area, where wave 3 is a 1.618-Extension of wave 1. It needs a break of the 28218 level to change the outlook. Seasonally spoken, we enter a time of „weak-perfomance“ in the coming month ahead, so it could be, that major-markets will pause the uptrend we have seen since the March 2020 lows! Hang Seng is really weak since the February high's and the structure look corrective, with overlapping waves and choppy pattern Have a great Sunday..... Ruebennase Feel free to ask or comment! Tading this analysis is at your own risk!
TVC:HSI
by ruebennase
1
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
JICPT| Concerns ease with HSI bouncing from false breakout! Hello international market traders. Recently, I've published several posts explaining how China's tightened regulation on the education & tech sector caused massive sell-off. Yesterday, I observed the investors calmed down a bit with Meituan rallied from weekly long-term MA support level as below. Today, I found more funds came in to buy those who suffered the most in the past 2-3 days, because their valuations become attractive, for example, Tencent rose by 10% today. From the daily chart, I can see index bounced back and closed above red line zone calculated by measured move of abcd pattern. The quick closing above the zone indicate false breakout. Looking above, the zone of 27513-27859 turned from support zone to resistant zone with MAs coming down. So, the likelihood of formation of impulsive bullish candles to penetrate the zone is slim. Pay attention to the zone if you're exposed to the Hang Seng Index or tech stocks. Basically, the individual stocks don't perform well with a declined broad market index.
TVC:HSILong
by JICPT
14
JICPT| Tighten regulation triggered big Chinese stock sell-offWhat a bloody day for Chinese mainland stock market and HK stock market . The tech stocks, such as Tencent and BABA tumbled by more than 7%. Even value investor favored blue chip-Kweichow Moutai, dropped by over 5% and touched the level below CNY1800 per share for the first time this year. Kweichow Moutai How did it start? It was all related to recent crack down on private education industry. Soft copy of the policies targeting the education sector were circulated on line on the Friday day afternoon. I also got a screen shot of the partial soft copy in Chinese. It said the educational training institutions will be banned from raising money through listings. That trigger the first wave of sell-off last Friday. Today is actually the second wave, that impacted the related companies listed in HK market. In addition, investors are concerned about how tighter the restrictions might go, even for Chinese big techs. Meituan, Tencent and BABA also got hit. From the selling orders, I suspected a bulk of those were from institutions. In addition, over CNH 10B fund outflowed via the China-HK connect scheme. I guess the regulations messed up the valuation, and uncertainty triggered the sell-off. Institutions will see how it goes in the future before coming back again. So I'm bearish for Chinese tech stocks the near term. For the education ones, I recommend immediate sell or sell the rebound . The Fundamental part of private education has changed. The related stocks are likely to go further down, say 30% to 40%, before new business models are recognized by the market. I personally, prefer Chinese alcohol stocks, e.g. Kweichow Moutai to Chinese tech companies. The unregulated golden days has passed. Today, I bought some Chinese alcohol ETF. The valuation of the sector become attractive. It reached a reasonable zone in my view. This is investor, not trading. I got enough cash to buy(dollar averaging cost) and are prepare for another 20% drop. I will buy the dip. I also linked my published idea regarding Tencent and HSI below. Both are coming toward my buying zone. However, the fear may result in overreaction under the current circumstance. To reduce the risk, you can wait for bullish pattern, bullish engulfing or breakout the downtrend line on the daily for better entries. Hopefully, it helps.
TVC:HSI
by JICPT