Key Support Level!

10 Ara

HKG33



Hi everyone, did you managed to ride on yesterday the fireworks and joined the party?
If you are following the movement of HSI then probably you are in the game and able to catch the short term fireworks Bull :)
Yesterday the Index seems being injected with stimulant - based on HKG33 (surged 1,013.46; +5.13%)

Let's look together at the D,4h & 1h charts where they've had given us signal of the boost.

D Chart


4h Chart


1h Chart

- Price is moving downwards closing to the 52EMA (20137)
- MACD Signal with Deadcross and KDJ at bearish zone


However, as mentioned in previous post my personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable.
As you can see, today the candles seems tired after the stimulant boost for the party.
Then, did you managed to short for the reversal for some pocket money? :-)



Trade Plan -
Day Trade : Swing Lo: 20290-20800 (Long at support and short at resistance depends on your own tf)
Swing Trade : 2 days - 5days : Swing Lo:21350 Swing Hi :18960

Re-accumulate at/below 19730-20300 level.
Please note that 19730 & 20300 are keys support/resistance level. Remeber to put your SL for traders.
Longterm Trade : With the recent China govt calls for proactive fiscal policy in 2025 (appropriately loose monetary policy), it's confident and confirmed that both China and Hong Kong markets will benefit and the reversal is for real. We can start to expose and accumulate more in both countries.
For HSI to break the range 22900-23275 and make new ATH would be very soon.

Happy Trading everyone!

Let's continue to monitor the Index movement and dont forget to follow your zen trading strategy.
Trading is a lifelong learning path , continue to practice and master the skills by reading 📙 and 🍵.

Reading helps to form a good habits for thinking and sometimes is a good method for distraction (not to keep looking at chart) once you have set your TP/SL following your strategy. :)

11 Ara

İşlem aktif

Hi everyone, the index had surpassed its key level 20300, are we out of the wood yet? I misplaced my crystal ball :D but let's continue to monitor the movement instead of keep speculating and forecast and draw lines on chart.

If it breaks the key level it could retrace back to 19700 level.
Remember to put your SL.
Protect your capital unconditionally!

Happy Trading!