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Hang Seng Index Technical Analysis - Hang Seng Index Trading: 2022-01-10

Hang Seng Index Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 23640

Buy Stop

Below 22400

Stop Loss

Dmitry Lukashev
Senior Analytical Expert
Articles 1881
IndicatorSignal
RSI Buy
MACD Buy
MA(200) Neutral
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Neutral

Hang Seng Index Chart Analysis

Hang Seng Index Chart Analysis

Hang Seng Index Technical Analysis

On the daily timeframe, HK50: D1 exceeded the downtrend resistance line. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish movement if HK50 rises above its last high: 23640. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, 2 last lower fractals, the minimum since March 2020 and the lower Bollinger line: 22400. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (22400) without activating the order (23640), 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

The Caixin China Manufacturing Purchasing Managers Index rose above forecasts in December. Will the НК50 quotes continue to rise?

Caixin PMI in December 2021 peaked since June at 50.9 points. Caixin China Services Purchasing Managers Index in December also exceeded forecasts and reached 53.1 points. Note that over 12 months, the Hang Seng stock index fell by almost 17%. It lags behind the Japanese Nikkei (+ 6.3%), Korean KOSPI (0%) and the American (+ 25.3%). Important economic data for December is due out this week in China: inflation, New Yuan Loans and trade balance. They are able to influence the dynamics of the NK50.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.