Hong Kong 50 Index
Panjang

A little dip? Just the market testing if the game still on!

104
Hello everyone!

Sell on news?
tradingview.com/news/te_news:449120:0-hong-kong-shares-extend-steep-losses/

**Hong Kong stocks fell 315 points or 1.4% to 23,030 in Tuesday morning trade, marking the second session of sharp losses amid broad sector falls, notably consumers and tech.Traders retreated from riskier assets after the US intensified curbs on Chinese investments and proceeded with tariffs on Canada and Mexico.**
Is this piece of sh*** news helps in trading? 🤐 🤐 🤐

#sticktoyourplan
#trustwhatyoutrust
#followyourowntradingplan
Build your own #zentradingstrategy news can be distraction to your judgements!


Look at the HSI D Chart
syot kilat

Look at the 4H chart
HK50
The last Oct Hi @ 23241 has been broken hence retracement is not a surprised!
MACD - formed deadcross and curving down as marked in yellow circle.
KDJ - at bearish zone curving down.
BB - it broke down uptrende channel trading in lower BB channel
22990 support level turned resistance level now. If it able to break and stay above this level this week then this is a healthy pull back. Let's monitor.

Today Trade Plan: 22500-23250 (~830pts)
Buy into support : 22600 -22900 (TP :22950-23130)
Sell at resistance : 23000-23100 (TP: 22900-22930)

HK50
1h Chart
syot kilat
Check MACD & KDJ - wait for the reversal confirmation before taking your swing long position.

Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!

Pay attention to the Goldencross/DeadCross; practice makes perfect.
Let's follow our own strategy and zen with 📙 and 🍵.

Happy Trading everyone!

Reminder : start to accumulate China & HKG for the potential upside for the year! All retracement is a good entry point.
2800 - 22.90-22.82 add position
2823 HKEX:2801 3067

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Penafian

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