Hang Seng Analisi Tecnica | Hang Seng Trading: 2020-11-06 | IFCM Italy
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Hang Seng Analisi Tecnica - Hang Seng Trading: 2020-11-06

Hang Seng Technical Analysis Summary

Neutro
SellBuy
Forte Di VendereForte Acquistare

Sopra 26005.5

Buy Stop

Sotto 24009.9

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articoli2785
IndicatorSignal
RSI Neutro
MACD Buy
Donchian Channel Neutro
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

Hang Seng Chart Analysis

Hang Seng Chart Analysis

Hang Seng Analisi Tecnica

On the daily timeframe the HK50: Daily has breached above the resistance line and the 200-day moving average MA(200). We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 26005.50. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian boundary at 24009.90. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (26005.50) without reaching the order (24009.90) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Analisi Fondamentale Indici - Hang Seng

Hong Kong private sector activity contraction stopped in October. Will the HK50 rebound continue?

Recent Hong Kong economic data were positive on balance. Hong Kong economy resumed growing over quarter in Q3, the trade deficit narrowed in September, and business activity contraction almost stopped in October. Thus, Q3 GDP advance reading came in at 3% over quarter after 0.1% contraction in Q2. The balance of trade deficit declined to H$-12.7 billion from H$-14.6 billion in August due to much faster growth of exports over imports. And Markit reported Hong Kong PMI rose to 49.8 in October from 47.7 a month earlier. Readings below 50 indicate sector activity contraction. Improving Hong Kong economic performance is bullish for HK50.

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