BUY HK 50 19600 HK50 is moving in a range since quite some time and since last 10 days it is trading above 19200. If it closes above 20000 then it will go above 20400/20700.
25% upmove possible in short term🟢HangSeng is getting ready to march towards 24870.
🟢ADX > 25. RSI also bullish. Trying to get out of base.
Heng Seng Index Retrace 61% at SupportHello Everyone,
As china declare stimulus heng seng index over more than 35% from 17000 to 23000 . FIIs started selling from indian market and invvesting to HENG seng market now again from 23000 its retrace to 61% at ema100 and breakout retest and trendline support taking bounce.
RSI adjusted/coo
Short term rebound for HKEX could pass 22000
1 hour chart
In this strong up trend we see a stop volume 2 times today with W form, whether this rebound is strong enough to gain back the momentum or purely a rebound and will continue its down trend.
The next support will see at 19800 and the 18200-18800
HK50 appeared divergence over a week.
15 mins charts shows divergence over last trading week
MACD histogram indicate a getting week momentum with High peak getting lower
Yet trend extension might see possible in short term
Why had Hong Kong's Stock Market Index Rallied recently? (HK50)2nd October 2024 / 11:15 AM IST
One Question arise whatever situation is arising internationally let's keep it aside ❗
What Technically has happened in Index HK50 that's what I have discussed in here.
30 % in Three Week Time Period
Everything is pinned in Chart ‼️‼️👍
Time for China to rise from AshesChina Hang Sang Index showing strength.
Can it touch new highs? It can with fundamental changes.
1. Liquidity Boost: Over 128 billion yuan added through reverse repos and MLF.
2. Rate Cuts: 14-day repo rate cut to 1.85% to ease borrowing costs.
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?
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Frequently Asked Questions
Hong Kong 50 reached its highest quote on Jan 29, 2018 — 33,489 HKD. See more data on the Hong Kong 50 chart.
The lowest ever quote of Hong Kong 50 is 14,603 HKD. It was reached on Oct 31, 2022. See more data on the Hong Kong 50 chart.
Hong Kong 50 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 50 futures or funds or invest in its components.