Hang Seng Index (HSI) has hit a 10-year high today at 31733 but eventually closed in a bearish candle at 31338.
The index has been going up and up since the beginning of 2018 and finally it turned into a semi-long bearish candle.
Investors like you may be wondering the index will resume its uptrend since the recent low of 28134 on 7 December 2018. From a technical outlook, this index remains in an upward bias. Based on our forecast, however, we will be watching for retracement at two key levels - the first one will be at 31360 and if this level does not provide the necessary support, the next level will be 30000 which is also the psychological level of this index. We will monitor these levels closely and see whether the index will potentially resume its move to the upside.
Good trading
NinjaSingapore
15 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
The index has been going up and up since the beginning of 2018 and finally it turned into a semi-long bearish candle.
Investors like you may be wondering the index will resume its uptrend since the recent low of 28134 on 7 December 2018. From a technical outlook, this index remains in an upward bias. Based on our forecast, however, we will be watching for retracement at two key levels - the first one will be at 31360 and if this level does not provide the necessary support, the next level will be 30000 which is also the psychological level of this index. We will monitor these levels closely and see whether the index will potentially resume its move to the upside.
Good trading
NinjaSingapore
15 Jan 2018
DISCLAIMER
Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment.
Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
交易進行:
HSI made an all-time high today - refer to our forecasting report on Tecent which also has made an all-time high today. We will wait for the price movement of the next couple of days before we reissue the forecasting report for HSI.
取消訂單:
HSI did not retrace at all and therefore, we need to relook the forecasting report for HSI and issue a new one later on. Thanks for following this opportunity.