HK50 trade ideas
HK50, DailyHK50 is moving downward, heading to the $16800 level, the intermediate-term support level. The price may retest this level ahead of FOMC interest, after which it may rebound higher.
Is HSI bottoming?Just my 2 cents.
1. RSI Divergence from 2019-2023, similar to 2001-2003, something that looks interesting.
2. HSI retraced from 2018-2023, the longest correction from Monthly chart.
3. HSI has dropped ~47% from peak, which is quite safe to look for entry.
4. Will be waiting for news to stimulate HSI and also China indexes.
𓃑 Here is a technical analysis update about the Chart HK50The HK50 index has been on a downward trend for the past 7 days, but today we witnessed a significant rebound, marking a potential shift in its trajectory. As a trading professional, I will provide you with a detailed technical analysis update on the HK50 chart.
Technically, the index has successfully surpassed the resistance level at 17,138 on the hourly chart. This breakthrough indicates a potential shift in market sentiment and suggests the possibility of further upward movement. The current nearest resistance level stands at 17,409, which will be crucial to monitor in the coming days.
To gain a clearer perspective, we need to observe the market for another one to two days. If the HK50 manages to stabilize above the 17,138 level, it could signal a temporary bottoming out or the emergence of a short-term upward trend. Traders should closely monitor the price action during this period and take advantage of potential trading opportunities.
In the event that an upward trend materializes, the index will face a significant challenge at the resistance level of 17,925. This level has proven to be a key obstacle in the past and will require careful analysis and strategic decision-making.
Additionally, it is worth noting that the Fibonacci 50% retracement level corresponds to 17,590. This level often holds significance in technical analysis and can provide further insights into potential price movements.
In conclusion, the recent rebound in the HK50 index after a series of declines and a prolonged holiday period has sparked interest among traders. The technical analysis suggests the possibility of a shift in market sentiment, with potential short-term upward movement. However, further observation and analysis are required to confirm this hypothesis. Traders should remain vigilant and adapt their strategies accordingly to capitalize on potential trading opportunities.
HK33HKD to continue in the downward move?HS50 - 24h expiry
Previous support level of 17587 broken.
Short term bias has turned negative.
The hourly chart technicals suggests further upside before the downtrend returns.
The 200 day moving average should provide resistance at 17845.
Preferred trade is to sell into rallies.
We look to Sell at 17800 (stop at 17960)
Our profit targets will be 17400 and 17320
Resistance: 18015 / 18520 / 18915
Support: 17375 / 17040 / 16560
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
No trade for HK50 until range breakout📣💹Trading Plan 1-2-3:
Chart Symbol: HK50
Direction: Neutral
Idea: No trading plan until it breaks out the range from 17600 to 17900
HK33 price action looks to be forming a bottom.HS50 - 24h expiry
Price action looks to be forming a bottom.
We are trading at oversold extremes.
A Doji style candle has been posted from the base.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to buy on dips.
We look to Buy at 17630 (stop at 17430)
Our profit targets will be 18130 and 18230
Resistance: 18016 / 18520 / 18915
Support: 17375 / 17040 / 16560
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HK50 to see another capped rally?HS50 - 24h expiry - We look to Sell at 17740 (stop at 17940)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
The trend of lower highs is located at 17928.
Preferred trade is to sell into rallies.
Our profit targets will be 17240 and 17140
Resistance: 17375 / 18015 / 18520
Support: 17040 / 16560 / 15665
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
HK50 - Range Bounded mess continuesHK50 is one of those nightmare indices that you can just hold and hope (long or short).
They are money eaters when you pay interest on the daily. ANd right now it needs a serious break up or down.
I am going to remain neutral in terms of position and the bias remains down as there are lower lows and lower highs.
Finally a chance to buy HK50The market is STILL BEARISH but,
1) HK50 is now fully oversold.
2) There is a harmonic pattern
3) There is H1 RSI divergence
Tight stop loss. We need to ensure to exit quickly as the market is still down.
HK50 negative momentum is stalling.HS50 - 24h expiry - We look to Buy at 17378 (stop at 17178)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 17878 and 17978
Resistance: 18015 / 18520 / 18915
Support: 17375 / 17040 / 16560
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Hang Seng Leads Short set-up when Hang Seng trades further down.
When volatility starts to pick up on Hang Seng, the odds increase this will happen across other indexes too.
targetting similar corresponding support levels of 15,2K
HKEX to hold back the bears?HS50 - Intraday - We look to Buy at 17460 (stop at 17260)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Previous support located at 17462.
Preferred trade is to buy on dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 17960 and 18060
Resistance: 18015 / 18520 / 18915
Support: 17375 / 17040 / 16560
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
HKEX to find sellers at previous support?HS50 - 24h expiry
There is no indication that the selloff is coming to an end.
Previous support level of 17809 broken.
We are trading at oversold extremes.
A higher correction is expected.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 17820 (stop at 17980)
Our profit targets will be 17420 and 16340
Resistance: 18390 / 19290 / 20575
Support: 16370 / 14565 / 14025
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HSI heading UP! LONG! BUY!Time Frame: 3D
Sentiment: Oversold rebound
Forecast: Bullish
The market is approaching a significant resistant area 19500.
TP1 - 18500
TP2 - 18800
TP3 - 19500
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
HSI heading UP! LONG! BUY!Time Frame: 2D
Sentiment: Oversold rebound
Forecast: Bullish
The market is approaching a significant resistant area 19500.
TP1 - 18500
TP2 - 18800
TP3 - 19500
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
HKEX to see a temporary move higher?HS50 - 24h expiry - We look to Sell at 18345 (stop at 18545)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 17845 and 17745
Resistance: 18520 / 18915 / 19190
Support: 18015 / 17375 / 17040
Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
HKEX to find sellers at previous support?HS50 - 24h expiry
Buying pressure from 17822 resulted in prices rejecting the dip.
The current move higher is expected to continue.
With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 18345 level.
We look to Sell at 18345 (stop at 18545)
Our profit targets will be 17845 and 17745
Resistance: 18520 / 18915 / 19190
Support: 17375 / 17040 / 16560
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Looking for HK50 dips.HS50 - 24h expiry - We look to Buy at 18110 (stop at 17830)
Buying pressure from 18225 resulted in prices rejecting the dip.
Short term bias is mildly bullish.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 18110 level.
Our profit targets will be 18810 and 18915
Resistance: 18915 / 19190 / 19470
Support: 18015 / 17375 / 17040
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Looking for HKEX dips.HS50 - 24h expiry - We look to Buy at 18355 (stop at 18125)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Our short term bias remains positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 18355 level.
Our profit targets will be 19010 and 19190
Resistance: 19190 / 19810 / 20370
Support: 18520 / 18015 / 17375
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Hang Seng Index Analysis: Price Recovers from Year's LowWhile today the world’s first economy is celebrating Labor Day (so due to the bank holiday in the US, financial markets will most likely have below average volatility), the second world’s economy is recovering. From the low of the year reached on August 22, the Hang Seng index has already risen by more than 6%, as we suggested in the post on August 17th.
The point is to stimulate the Chinese economy by the authorities with special support for the real estate sector. So, in August:
→ the Ministry of Finance introduced tax incentives for small businesses and rural households;
→ the People's Bank of China lowered the base annual rate on loans;
→ the State Council approved housing planning and construction guidelines;
→ citizens were allowed to take soft loans to buy their first home, regardless of their credit history. Other restrictions are also planned to be lifted.
For sure, September will bring more news about stimulating the Chinese economy, and the chart shows the optimism of market participants:
→ The price of the index rose briefly below the psychological level of 18,000.
→ The price of the index has returned to the ascending channel shown in blue.
→ The price is near the lower line of the descending channel shown in red.
→ The price worked out the level of 50% of the growth A→B.
However, the bears may show their presence in the near future, as the price is near the level of 18,888, which has influenced it more than once in the summer. Also, the market may feel resistance from the median line of the channel shown in red.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bullish Bat Pattern formingBullish bat pattern forming. Retracement is exactly arround 0.5. Now waiting to go long based on the breakout at higher high after forming LH.
Hong Kong has turned positive.HS50 - 24h expiry - We look to Buy at 18333 (stop at 18153)
Short term bias has turned positive.
Previous resistance at 18360 now becomes support.
We look to buy dips.
20 4hour EMA is at 18275.
We are trading at oversold extremes.
Our profit targets will be 18783 and 18883
Resistance: 18706 / 18800 / 19000
Support: 18520 / 18350 / 18150
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
