Do you see it as a opportunity to scoop the dip?

HK50

Hello everyone, good day!

HK50 2800


The 1H chart - the index had lost its strength and has plunged ~300pts from its morning open @19587.
Hi : 19868 (higher than 19876 @20250105 1H Hi)
Support : 19300 ( ati point of writing broke the level; next 19130, 18965) .
Monitor if is able to stay at this level.
Resistance :19600 (if breaks then 19700). Unlikely.


scmp.com/topics/hong-kong-stock-market
Do you see it as a opportunity?


For day trade: Same strategy, sell at resistance (19353); buy/TP into support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Here taking Bearish position.
For swing trade : Set your tf, entry and exit plan.
For slightly mid-long term trade (more than 9months - 36months++) : you may plan and DCA the Index. You may take a long position on HSI Tracker Fund 2800. 2800

The HSI is currently in a discount zone as it's traded 30% above its historical all-time-lo (ATL); there is ample of room to reach its ATH @33500. The law of attraction; we know that whatever bottom eventually rebounds, it's a matter of time. DYODD. Plan your trade, do not listen to anyone including this post!


Sticktoyourplan follow your trading strategy. Set your SL/TP.
Once all is set, let's zen with 📙 and 🍵 wait for the results.


Happy Trading Everyone!