HKex is weak but not very weakPerhaps hot money might park temporally in this undervalue market during over heated US market
HK50 will support @ 17800 or 17200
The momentum of short term down trend was strong in the previous session, could it be supported at 17800, or lower than previous 17353, at the crossing of the trendlines
Will we see HKEX bottom at 16900?
If the down trend momentum will stop at 17200 or broke into 16900 zone? As volume profile has move up to 18000, we could see very weak support at this zone. At this level, anytime will see a strong rebound, does it bargain buy?
Invest !! Long Term Trend Reversal !!🟢It has underperformed the global markets for several years.
🟢2W chart indicate capitulation & trend reversal near 14597.
🟢Its trading near support and about to enter stage 1 uptrend.
🟢Buy HNGSNGBEES @307 & Add on decline @250. SL=200 WCB.
LONG HK50DAILY: uptrend, but price has not confirmed to cut Ma10 up.
4H: the price adjusts for 2 beats and touches the 6.8 fibo zone in the previous up phase.
-price has increased by 10%.
- The buy signal candle has a full candle body and a large volume that crosses above ma10
-MACD confirms cross up.
-act
-
HANG SENGHello & welcome to this analysis
HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly.
The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel cha
Index. sellers made 1000X and still going strongIndex. seller made 1000X and still going strong. Major trend down.
HK50 is going to reverse the directionBullish harami pattern is formed at the support line , we can expect a good upward move
HSI Index - No returns in 22 years??Jan 2000 Hong Seng index topped around 18400 and Tested the same level of 18400 1st qtr of 2022. If you are a long term index investor and invested in Jan 2000 you would have made zero return in the last 22 years. Stop blindly following finwits in index investing. Learn and be alert
See all ideas
Frequently Asked Questions
Hong Kong Cash Index / Hong Kong Dollar reached its highest quote on Mar 8, 2023 — 21,035 HKD. See more data on the Hong Kong Cash Index / Hong Kong Dollar chart.
The lowest ever quote of Hong Kong Cash Index / Hong Kong Dollar is 14,782 HKD. It was reached on Jan 23, 2024. See more data on the Hong Kong Cash Index / Hong Kong Dollar chart.
Hong Kong Cash Index / Hong Kong Dollar is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Hong Kong Cash Index / Hong Kong Dollar futures or funds or invest in its components.