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!
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!
Hong Kong and US Stock Market was extremely bearish last week. Luckily, US government came to rescue the fannie and freddie brothers and that gives a big boost to Hong Kong stock market and also resulted in a big rally across the regional markets.
If you look at the Hong Kong Hang Seng Index chart today, you will see a crazy formation on the chart.
What’s that?
Last week I review the Hong Kong HSI weekly stock market trends. I mentioned that bear is winning the market at 60:40 chance. And indeed, the market dive down and also broke the Hang Seng support of the March low. Finally, both Singapore and Hong Kong market gave way to the bear.
Breaking the descending triangle for HSI is very bearish. Let’s take a look at the stock market trends of HSI in the coming week!
As my last post on the Singapore weekly stock market trends, I will start doing Hong Kong Hang Seng Index weekly stock market trends as well. Hong Kong HSI is an important index to look at as it can influence the regional Asian market pretty much.
My last post on HK HSI mentioned that HSI is trading very near to the 21,000 support level. Plus, you know what, HSI indeed touched the 21,000 and rebounded on Friday.
Alright, let’s look at the HSI chart now.
