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Hang Seng (HSI) Technical Analysis - Hang Seng (HSI) Trading: 2022-11-07
Hang Seng Index Technical Analysis Summary
Above 16600
Buy Stop
Below 14400
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| MA(200) | Neutral |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
Hang Seng Index Chart Analysis
Hang Seng Index Technical Analysis
On the daily time frame, HK50: D1 came out of the downtrend and out of the inverted Head and Shoulders pattern. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if HK50: D1 rises above the latest high: 16600. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal, the last down fractal and the low since April 2009: 14400. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (14400) without activating the order (16600), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Indices - Hang Seng Index
Chinese stocks have risen in price amid rumors about the easing of anti-coronavirus policies in the country. Will HK50 quotes continue to rise?
The PRC authorities may ease measures to prevent coronavirus (zero-COVID policy). This can support economic growth. An additional positive was the rumors that the US authorities may ease some trade restrictions on Chinese goods after the November 8 US Senate elections. Weekly growth of the Hang Seng stock index exceeded 9% and was the highest in the last 11 years. On November 7, China Trade Balance for October will be released, which may affect HK50 quotes. Further, on November 9, data on inflation will be published and on November 10 - changes in lending volumes (New Yuan Loans).
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