HK50 trade ideas
Hang Seng bounced strongly! Is the China bull back?Something bullish is happening in China, potentially primarily due to the reopening and all the liquidity injections by the PBoC. China never raised rates while slowly adding liquidity to markets. We saw a significant capitulation when Xi became emperor for life by removing everyone that could potentially cause trouble to him from the CCP, as well as when we first saw the first sanctions on China by the US. It's clear that the US and China are in a cold war, and the US will keep imposing sanctions on China... Many of which might come back to bite it. Now there is talk about capital controls, yet China holds many US bonds and has been part of why inflation stayed low for so long. Of course, China has many issues, but so does the US, and what they both have in common is that they will have to print a ton of money.
What's critical here is that the Hang Seng has been trending lower for a while, especially since China started taking 'back' Hong Kong, but then started bottoming around peak China fears (never reopening + Taiwan invasion). For now, an invasion seems unlikely, and all the concerns about capital controls could not have the result everyone thinks they will. The market is incredibly oversold, and Chinese investors may be forced to repatriate their capital and start investing there.
''The Hang Seng Index can be used as a bellwether for markets worldwide. If the gain in Hang Seng holds, that would be a bullish indicant for markets worldwide. If the low is violated, that would suggest continued decline in other markets as well. We say this because the late January and early February market peaks were a worldwide phenomenon. Stocks, Bonds and Commodities all peaked in tandem, suggesting a shift in the underlying perception of the fundamentals from one of continued growth and declining inflation to one of slower growth or recession accompanied by persistent inflationary pressures.''
Milton W Berg CFA
@BergMilton
I agree with Milton, and to me, this looks special. First, HSI bounced right at the Yearly pivot. The bounce came to a massive rally from the lows, which swept the double top, hit resistance, and had a decent pullback. The bounce straight into the monthly pivot, which usually acts as a magnet. So we have gone from pivot to pivot very quickly. When looking at CN50, we get an extra confirmation that something bullish is happening. Again, massive rally, significant pullback, bounce at support, reclaim yearly pivot, a break above the monthly pivot, slight pullback, and sit right above the monthly pivot. Technically both look bullish to me.
Only a close of 2% below the recent lows would make me think that the market is about to keep going lower. Until then, I assume that both these markets are in a bull market and that China isn't as uninvestable as many make it seem to be. Of course, if you are a US investor, you shouldn't be investing in China, but for most of the rest of the world, China seems fine (for now). They keep getting cheap oil from Russia, they are politically stable (nobody to go against Xi), won't invade Taiwan anytime soon (based on what they saw in Ukraine), and Japan also kept printing and didn't raise rates (capital flows into China)
Stock - HSI Trend Status (21 yrs baktesting)
+1.6%
HSI returns to the buying point.
It's not a place to hold (for me)
Keep an eye on the market, and be patient.
Good luck and happy trading.
#HSI #trading #Backtesting
Hang Seng searching for a Bottom?Potential bullish chart formations! The same patterns are seen with Baba.
Not investment advice and do your own due diligence!
HK50 Up.HK50 Up.
Confluence
Looks like price has a squeeze at bottom.
Also seems to show a double bottom.
Seems oversold.
Might go up from here.
Hong Kong Stock Index (It can get pretty Bullish)Hong Kong Stock Index (13 Feb 2023)
China economy is back in the full steam and it shall bring HK index upward too.
We may be in the minor pull back for the past 2 weeks but I expect the bull force will come back in soon.
20,700 shall be a good strong support region and it shall go back UP higher.
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HK50 UpHK50 Up
Confluence
Double Bottom
Followed by Price squeeze at bottom
Ready to fire up
Divergence confirms setup.
HSI potential for bullish continuationLooking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at 22700.85, where the recent high is.
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.
HSI potential for bullish continuationLooking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at 22700.85, where the recent high is.
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.
HSI potential for bullish continuationLooking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at 22700.85, where the recent high is.
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.
Stock - HSI Trend Status (20 yrs baktesting)
TVC:HSI
HSI returns to the buying point,
now acting as a resistance level
Keep an eye on the market.
Good luck and happy trading.
#HSI #trading #resistance #Backtesting"
Hang Seng Index - Dead on ArrivalHang Seng Index
Broke down from October 31 2022 Trendline. Now enroute to backtest before making new lows over the next 2-4 weeks.
HSI Potential for Bullish Continuation towards recent highLooking at the H4 chart, my overall bias for HSI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 19926.48, where the overlap support and 78.6% Fibonacci line is. Stop loss will be at 18660.47, where the overlap resistance and 23.7% Fibonacci line is. Take profit will be at 22700.85, where the recent high is.
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.
HKEX to see early pessimism?HS50 - 24h expiry - We look to Buy at 20900 (stop at 20670)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 21555 and 22590
Resistance: 22590 / 24770 / 27550
Support: 20875 / 19525 / 18580
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Trading and Investing in HSI Followers of mine know that I am pretty bullish on HK/China stocks , ETF since last year and I have been slowly accumulating once there is a pull back.
Yesterday, FED's decision to raise rates by 25 basis points go well with the market and the stock market reciprocate in kind ! I believe the Hong Kong market will follow this rally as well in addition to the booming tourists coming from China and also the exports business of China !!!
HKEX close to find support after mild selloff.HS50 - 24h expiry - We look to Buy at 21810 (stop at 21635)
We are trading at oversold extremes.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Preferred trade is to buy on dips.
Our profit targets will be 22265 and 22590
Resistance: 22590 / 24770 / 27550
Support: 20870 / 19525 / 18580
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Would this news drive up the Hong Kong Stock Market ?Read article here
After reading , it looks promising that HK has a lot of opportunities moving forward. What's important is how fast can these measures be implemented as we continue to witness outflow of talents out of the country.
CONFIDENCE is the key in stock market investing/trading. If people on the ground lack confidence, they will not put their money in the stock market as they are uncertain of many things- jobs, taxes, standard of living, government regulations, etc. People need to feel safe and assured , that's basic.
HSI has dropped more than 50% from its peak and is trading at an attractive level with many good fundamental companies at attractive prices. Those who have done their research will be able to pick up gems at this stage and ride the turbulence through the next few years.
CCP Bears And Bulls?It looks like the HSI will form a very large inverse head and shoulders, bearish then very bullish :)
HK50 - Major Downtrendline Rejection?HSI has been rallying significantly , and currently testing resistance.
Trendline & Fibo 0.5 confluence , with daily closing bearish engulfing.
Potential short opportunity towards 20.8K area
TVC:HSI
PEPPERSTONE:HK50
OANDA:HK33HKD
HKEX:HSI1!
