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Hong Kong Hang Seng Fell 4.8%

KP Yang — Sun, 29 Nov 2009 14:24:03 +0000

You can see that many Asian stock markets had a Black Friday last week after the news about Dubai default. Hong Kong Hang Seng led the fall of about 1,000 points in a single day which is equivalent to 4.8%.

Let’s take a look at the Hong Kong Hang Seng using Technical Analysis now!

Hong Kong Hang Seng Broke Supports

If you look at the chart of the Hang Seng now, you can see that the gap down formed last Friday has become an immediate resistance now at approximately 22,110 level. You can also see that Hang Seng has broken down the upward channel and also it broke the 20d and 50d EMA support.

Hang Seng is now supported at the 100d EMA and also supported at the previous low of 21,130 level, which was last Friday close.

All indicators are showing some downward pressure that Hang Seng is experience now.

Price Movement in Coming Week is Critical

If you ask about the overall market, I would say that the bullish market is still intact as Hang Seng is still trading above the 200d MA. However, it is important to monitor the price movement in the coming week.

If Hang Seng is not able to break above the gap resistance, there is a likelihood to form a head and shoulder pattern, which can signal possible reversal. The support of 21,130 is also critical because the market can form a lower low if this support does not hold, which again may signal possible begining of a down trend.

So, remember to monitor closely in the coming week usnig technical analysis to be an informed trader in the market, then, you won’t be caught with surprise.

Happy Trading!!!

Hong Kong Hang Seng Black Friday Fall

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Hong Kong Hang Seng Bull Run Still Intact

KP Yang — Mon, 08 Jun 2009 18:13:37 +0000

While we saw that Singapore STI broke the upward trendline which look like a bearish signal to us. Hong Kong Hang Seng Index (HSI) is still trading in the upward bullish channel.

We are currently seeing a pennant like continuation pattern forming at the Hong Kong Hang Seng Index. Breaking upward the pennant show a continuation of the uptrend while a breakdown of the pennant plus the break of the upward trendline can be a signal of bearish correction.

Remember to keep a look out on Hong Kong HSI in the next 2 days for confirmation signal if you are trading on Hong Kong stock exchange.

Hong Kong Hang Seng Index Stock Market Trends

Up Trend Signal on Hong Kong Hang Seng Index

KP Yang — Tue, 06 Jan 2009 14:58:07 +0000

It has been quite a while since I last post on Hong Kong Hang Seng Index. As we started to move into a new year 2009, let’s take a look at the latest stock market trends of Hong Kong Hang Seng Index now.

Up Trend on Hong Kong Hang Seng?

I spotted an upward trendline on Hang Seng since the low in Oct 08. It has formed the 3rd higher low at the end of Dec and it rebounded to hit the gap resistance again. This seem to be a signal of an uptrend market. However, that’s only half right, we saw higher low on Hang Seng but we are not seeing higher high yet. The high has been pretty flat within the gap resistance region.

So, I think we are not yet in an uptrend market yet. Instead, that seems to be some kind of ascending triangle formation. If Hang Seng manage to break the resistance and continue to trade higher, that might be a signal of beginning of a uptrend market.

Another resistance will be the 100d MA line. This is also a tough resistance to break. I ever heard some a stock market trainer saying that 75% of the market will be retreat at the resistance, only 25% chance the market can break up. If based on this theory, Hang Seng has traded at the resistance, a dark candle today shows that it has started to retrace downward.

Hong Kong Hang Seng 2009 Market Outlook

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Review of Asia Stock Market Trends (1 Dec 2008)

KP Yang — Tue, 02 Dec 2008 14:46:41 +0000

After seeing the US markets hitting the 20d MA resistance, I also glance through all the stock market charts and trends of Asian Stock markets. I am seenig many of them are trading near to the resistance or support level now. So, this week is very critical to watch to know the market trends for the last month of 2008.

Let’s take a look at the video now!

Hong Kong Hang Seng Index Stock Market Trends

KP Yang — Sun, 23 Nov 2008 23:06:24 +0000

We have seen the Hong Kong Hang Seng resisted by the gap last week. It was a week of gradual diving for Hang Seng last week. Where do you think the Hang Seng will stop the diving and be support?

Hong Kong Hang Seng Dive to Support at 10,678

I shall keep it short in this post as I am a bit tired after looking at too many stock indices and charts. Well, I think Hong Kong Hang Seng will be support at 10,678 which was the low formed in Oct. Breaking this support will see Hang Seng continue to touch the 2002 low at 8000+ level.

Hong Kong Hang Seng Index Stock Market Trends

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Stock Market Trends of Asian Markets

KP Yang — Mon, 17 Nov 2008 00:18:37 +0000

After analysing the stock market trends of Dow Jones, Nasdaq and S&P indices. US market seems to be in the sideway market. But how about Asian markets? Where will it move and how’s the stock market trends here. Hong Kong and Singapore are two of the important stock markets here in Asia. I shall be looking at them here.

Singapore Straits Time Index Stock Market Trends

Singapore’s Straits Time Index (STI) key resistance is near the 1,918 and there seems to have 2 support levels that I am looking at. First level support is 1,714 and second level support is near 1,476. 2002 low level is 1,206 level.

So, it looks to me at first instant that STI is also trading in a sideway market between 1,714 and 1.918 because STI is re-testing the 1,714 level the 2nd times. As long as this 1,714 level is not broken, there is also a potential that this is a higher low to start the up trend.

Meanwhile, I shall observe the movement of STI in the coming week to better knowing the trend of STI.

Singapore Strait Time Index Stock Market Trends

Hong Kong Hang Seng Index Stock Market Trends

Hong Kong’s Hang Seng Index (HSI) key resistance is near the 15,980 and support level is 10,957. 2002 low level is 8,356 level.

At first glance on the Hong Kong Hang Seng index, it is still trading at a very wide interval of support and resistance. If HSI is indeed also in a sideway market likes other major markets, So, I tends to believe that the volatile market in Hong Kong is going to continue.

So, please be careful if you are trading in the Hong Kong markets.

Hong Kong Hang Seng Stock Market Trends

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Hong Kong Hang Seng Index Stock Market Trend

KP Yang — Mon, 27 Oct 2008 08:45:40 +0000

I was sharing last week that the Hong Kong Hang Seng Index broke the descending triangle formation and it was about the test the target of the descending triangle. Indeed, Hong Kong Hang Seng index hit the target and it kept diving downwards.

Let’s take a look at the next Hang Seng stock market trends and its next key support level now.

Hang Seng Hit Resistance and Turn Bear Again

After breaking the support level at approximately 15,500, there was a small rebound last monday and bring the index back tot he 15,500 level. However, 15,500 was the support before and it now turned to be a resistance level. Therefore, you can see that the last 4 days was continually down trends after hitting this resistance at 15,500.

Hong Kong Hang Seng Index lost about 3000 points last week and it looks to keep breaking new low and that is a key characteristics of a down trending market.

I am seeing the next support level to at approximately 11,500 level, it will be extremely worse that the market can dive down to the 2003 low level if this support gives way. The low in 2003 was about 8,700 level.

If that happens, it would mean all the gain we have in the last 5 years will be gone. Plus, you can see that there is a lots of fear in the market due to the fear of the global recession. It might be wise to get out of the market if you can, otherwise, shorting will be another alternative to hedge or to profit from this down trending market.

Hong Kong Hang Seng Index Weekly Stock Market Trends

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Hong Kong Hang Seng Index Stock Market Crash

KP Yang — Mon, 20 Oct 2008 02:37:18 +0000

Hong Kong Hang Seng Index has been very volatile recently. Up and Down, Gapping here and there. Everytimes I look at Hang Seng chart, it gives me some phobia in this volatile stock market trends. However, volatility is not something to fear, but something to accept.

Ok, the global market was experiencing severe melt down last 2 weeks, including Hong Kong Hang Seng. I would like to post what are the early technical analysis signal that we can see on the Hong Kong Hang Seng before this global melt down happened.

Hong Kong Hang Seng form Descending Triangle

I did a post at the end August that I spotted a descending triangle formation on Hang Kong Hang Seng Index. I did a projection at that moment that the market may dive down to 15,744 level if the support did not hold. I have also looked at the Fibonacci support levels and I observed that all the supports keeping giving way. That’s a very important bearish signal to me.

I was slo looking closely on the moving average resistance level as well, Hong Kong HSI did not manage to break the MA resistance and therefore it will turn downward once it hit the 20d MA.

So, you can start to see that technical analysis does offer some signal on the stock market trends. If we can observe the signal early and take all the necessary action, volatile market is indeed not something to fear. We can even accept it as a way to invest our money or to make money out of it.

I have created a video to show you how to spot the descending triangle, Fibonacci support and moving average resistance on Hong Kong Hang Seng index, you can download the full resolution video below. If you have any comments or suggestion, do feel free to drop it down and I will be happy to answer any questions you may have and let’s all learn about technical analysis in a fun and money making way together.

Download High Resolution Video Here!

Hong Kong Hang Seng Index Stock Market Crash

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.