Hang Seng Index Market Outlook 17-05-2010

The market did received some support from the 19000 level and the HSI has remain steady just above the 20000 level. So far since OCT 2009, the market had been moving side way, which is not going anywhere at all.

3 month Daily Chart
HSI has rebound from the lower border of the Bollinger Band and has move side way for the last week between the 20000 and 20500 level. Other way to say it is the HSI is consolidating. Both the 7 and 30 day EMA is down. The current 3 months trend is not clear.

1 Year Weekly Chart
There is a potential for double bottom to be forming but it will need the HSI to rally and close somewhere around 20800 level to confirm it. But my feeling on the weekly chart is the market is likely to go lower in the short term.

Overall, I am more prone to bearish in the short term but the long term is still bullish.


Article by Trading Room
www.tradingforreal.blogspot.com

Hang Seng Index Market Outlook 09-05-2010

We have experience some severe correction last week, with the HSI dropping more than 1000 point. The market has been in a bit of a panic mode. The reason people say about the correction was because of the Debt crisis in Greece which might progress throughout the whole European market. In my opinion, the market had definitely overreact.

3 Months Daily Chart
On the daily chart, we can see wilden Bollinger Band which meant increasing volatile of the market. The HSI bar is currently outside the Bollinger Band, meaning the market in the short term has been oversold. It is likely we can see some support in this level.

1 Year Weekly Chart
HSI has dropped back to the recent low level of around 19000. Here we can see a potential double bottom forming if the HSI rebound from this level. If HSI continue to penetrate below the 19000 level, we might be able to see HSI to go even lower.

Currently the market is fill with uncertainty. If I am a buyer, I will start buying more security at bargain price, of coz there is no promise that the market won't go lower, but if the market goes lower, you can continue to average down your position. So don't eat too full, there might be more bargain ahead.

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Trading Room
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Hang Seng Index Market Outlook 03-05-2010

Last Week the Market had fall more than I had expected. Reaching some support at the level around 21000.

3 Months Daily Chart
It looks like we are in a 3 months uptrend. With HSI suffering a recent correction. I think price will gain some support from the 21000 level.

1 Year Weekly Chart
With HSI staying right above 30 week EMA. In my view it is unlikely for HSI to drop further. If HSI continue to rebound well from the 21000 level. We should be seeing a new wave of upward move.

Article by Trading Room
www.tradingforreal.blogspot.com