February 20, 2017
Welcome to Moses’s Hong Kong Stock Analysis @ AmiBrokerAcademy.com.
Read article on Bloomberg, Singapore Loses to Hong Kong in Race for Most Competitive.
Singapore has been competing with Hong Kong, but some how Hong Kong just better.
Hong Kong Hang Seng Index with Support and Resistance for Six Months
Bears have trapped, the index has strong reversal. The index retest the last September high.
HSI is in a resistance zone, any time can have a deep, big deep, small deep it will all depend on the market emotion.
Check MACD indicator, we see the divergence on MACD Hist, this is a fast and early signal on the pull back. Watch out.
We see Hang Seng has a gap up after doji, the index continue to push higher. This is some type of a major high but how high it’s going to go remains to be seen. Market is expecting a pullback to sell but not strong enough.
One important Fibonacci count which is 61%. The best strategy is to wait for the first break and sell the first ABCD correction preferably at that 0.618 level.
February 17, 2017 Hong Kong Hang Seng Index’s Support and Resistance
Hang Seng Index with Support and Resistance for 2016
See below the 2016 ^HSI Hang Seng’s Support and Resistance
February 14, 2017 Hong Kong Hang Seng Index 2016
Moses Stock Desk
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.