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!
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.
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.
While Dow Jones dived to near 2002 low in March, Singapore and Hong Kong markets was the only markets that did not fall to 2002 low level. These 2 markets also followed Dow Jones to rebound and enjoy a nearly 3 months of bull markets so far.
Do you think this bull uptrend market will continue on Singapore & Hong Kong markets?
Let’s look at Singapore Straits Time Index & Hong Kong Hang Seng Index today.
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?
Let’s take a look now!
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.
Let’s take a look at the Singapore STI and Hong Kong HSI now.
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.
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.
It was a week of crazy volatility on Hong Kong Hang Seng Index (HSI) last week. Looking at the HSI chart, you can see high candle formation or gapping happening the whole last week. It was something never happened before to have HSI swing more than 1,000 points in a single day.
Now, as the US government is waiting for the congress approval to give a final go ahead on the rescue plan, where do you think the market will head to?
Let’s take a look at the Hong Kong Hang Seng chart now!
