howard11594

howard11594

Since March 5, HK50 has been ranging between 16122 to 17101. This is mostly due to the lower volume of trade. Last week it looked like we might finally see a break thru between range; however, it still failed to close below 16122 level. 
 This week, overall, I am bearish for HK50. However, watch out for the first day of spike up to grab more liquidity. Once the...

howard11594

This week has been a really slow with no clear direction. It closes with a doji candle. For this week trade idea, It will be roughly the same as last week. Buy above 17101 and sell below 16127. If you want a more aggressive buy, depends how the first 4 hr candle closes, buy above 16906 is also a choice.

howard11594

March has been a slow and low volume month. Looking for a weekly chart, we are ranging between 16773 and 16334. There is no clear sign of break thru to the upper or lower side. For this month trade idea, I will set the range between 16127 and 17101. Once the daily start to close firmly above or below these two level, depends on the candle structure, we can then...

howard11594

Last week, HK50 close back into the range as bearish. This week, pay attention to the two crucial level, 16369 and 16127. Overall structure from weekly is still bullish as long as it doesn't break the two level I mentioned. For sell, the safest sell will be if 1 hour and 4 hour starts to close below 16127. There is plenty of room to go back down to 15450. For...

howard11594

Yesterday market is pretty slow with no clear direction. One thing to note, 16805 now become another strong resistance level as it's been rejected multiple times from a higher time frame. Thus, it will take a pretty strong volume push before we can start seeing the bullish trend again. As for sell, since we are still in the middle of a range between 16805 and...

howard11594

Last week, HK50 finally tapped 17100 level but it retracts back to 16700 level to close the week. This week, based on the 1 hour and 4 hour time frame structure, it looks like we are starting to form a bearish structure with a lower high and lower low. I will need more confirmation that we are heading back down, thus my sell level remains at 16369. Once that level...

howard11594

As discussed yesterday, the previous daily close right at resistance level of 17101, after a top wick, it ended up close back into the range below 16800. For today analysis, I am skeptical about the continuation of bearish candle. The reason being is because, if looking back at the last time, January 2, when it closed at 17101 and rip back down, the previous...

howard11594

Yesterday, Unfortunately, it did not drive up as much as I expected to be. The daily actually close right at resistance level of 17106. Overall, I am still bullish for the week, eyeing at least 17400 level. Trade idea for today, the reason I mentioned to trade with cautious is because it closes right at resistance level. There is a possibility of a gap open to...

howard11594

For those that watched my analysis the past couple days, Congratulation! It was a pretty easy set up for a buy once the candle close above 16843. For today, we are finally back to the initial level I mentioned awhile ago. Whether if HK50 can break and hold above 17100? If it does, then we can sort of say we have now break the bearish trend and can look for more...

howard11594

Yesterday HK50 started off with some ranging candles but finally able to break above toward the end of the session. Today, depends how the first 15 mins candle open, I can see a continuation toward the upside as long as it can close above 16843. For sell, since it is starting to form a bullish trend from a 4 hour time frame, I will only consider sell once it...

howard11594

HK50 is still ranging between 16843 and 16127 with no clear direction. The past couple days, it closed bearish but respecting 16127. For this week trade idea, I still stick with my last week analysis. For buy, I will consider when the daily starts to close above 16843. Tp can be up to 17565. For sell, once the daily starts to close below 16127-16000, I will...

howard11594

So far, HK50 has formed a range in between 16843 and 16127. Overall there is still no clear direction as to whether if we will break out those range as yesterday we close right in the middle of the range. For trading idea, I still stand with my initial analysis. Sell only if the 1 hour candle close below the strong support level of 16127. For buy, proceed when...

howard11594

Yesterday HK 50 close off with a pretty nice bearish candle. Going back to my initial analysis, despite the past few weeks in a roll of bullish candle, as long as HK50 doesn't break any of the key resistance level, this could just a double top back to the downside. For Sell, as long as the hourly candle starting to close below 16000, we can look for a sell back...

howard11594

Starting from the weekly candle, last Friday first spike down, touched 16127 then reverse back up 300 points. Overall, it's been 2 weeks in a roll it closes firmly above 16000 level. For this week target, as long as HK50 can start to firmly clove above 16800, we can start to eye for that ultimate resistance of 17100. I still believe that 17100 is a make or break...

howard11594

Yesterday the market close with a bearish candle. If you focus on the top wick, it tapped exactly 16700 which is a crucial resistance level that HK50 just couldn't break above the past couple days. Thus, I am following thru my theory of a bearish trend until the market begins to find a solid support. For trading ideas, depends on how the first 15 mins candle...

howard11594 Updated 

After almost 3 days of ranging, it looks like HK50 is finally forming a direction. Historically, based on the last 8 years market day after the budget release, the market tends to close in a bearish candle. Based on the report, it doesn't seem like there is much positive news that can boost up the Hong Kong economy. Thus, fundamentally speaking, I am still Bearish...

howard11594

Yesterday is a pretty quiet Monday, with lower trade volume and no clear direction. I anticipate somewhat the same market condition today as well as I mentioned in my analysis yesterday. Wednesday will be an important day for the market as the Hong Kong government is releasing the budget for 2024-2025. This will dictate how the market direction will move....

howard11594

Last Friday, HK 50 close above 16700. However, it still hasn't close above the very key resistance 17000 level. The one I called make or break from last Friday analysis. The reason being is because, not only this will be the 2024 high, it will finally show the momentum of breaking the downtrend of lower high and lower low. One very important thing to keep in...