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====== DISCLAIMER ==========
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This chart and trend analysis is MERELY an OPINION, not the PROFESSIONAL ADVISE
This analysis does not provide any trading suggestion and ask for selling and buying, please be responsible for your own investment behaviour
And we do not be responsible for your own loss
Also, the future might change anytime and everything won't go as what we predicted, so please accept this analysis as an entertainment, don't be serious about fail prediction or wrong concept and prediction. Thank you.
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Analysis Start ( GOOGLE TRANSLATE)
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Greetings and happy new year to everyone, last week we expect the trend might go sideway retracement or break through the supportive point. As the result, HSI go through both pattern (what a lol moment). We study this situation as the The dealer cleans the floating chips in the market with a fierce pattern. Indeed, they success. But we may find the clue from the trade volume in the past week, as the trade volume shrinks to a small amount but still go down trend fiercely, this might be the hint of the dealer action.
So, how about the trend next week? Will it continue go up trend?
First i should apologize to all my follower that i doubt of my analysis and miss the best chance to advise you all a good chance to go in the market. As you may see in the chart, the trend at 06 JAN 2022 has touched the fibonaci time zone that day and then it rebounce successfully. That is almost a best time to buy on dips but i got some bad news from Hong Kong about almost every Blue chips stock go so bad that time, so i doubt about the possibility of rebounce. But, i lose to the dealer of HSI, thats why i apologise, and i will improve my ability and self-confidence of trend analysis. I hope i wont be tricked again by these dealer again because this is my first time to meet this kind of trick.
Okay, now i will start my new analysis.
After the rebounce we may found that the trend now is coming to a key position of whether it may remains the uptrend or not. The top resistance will be at 23600 but the strong support is 23300, this is very near and important for HSI now. IF only the trend can stand above the 23600, then the trend may start to challenge the 50 MA around 24110. However, since the trade volume has an explosive increase at 06 January, the support has been established, we might expect the possibility of break through 23600 is big.
BUT, Hong Kong government also declare the time limit of outdoor activity and all citizen should not go out after 6.00p.m., will this policy affected the uptrend of HSI now is UNKNOWN. The rivalry between China and the United States is also becoming more and more tense, this is also be worried by most of the investor of Hong Kong and stay on the sidelines.
Therefore, here is the advise from us, if the trend does not break through 23300 and stand above 23600 successfully, IT WILL BE A GOOD CHANCE AS THE 23600 WILL BE THE SUPPORT POINT TO PUSH UP THE TREND. However, we do not rule out the possibility of falling below 23300 in the future, if the trend go down 23300 again, Sell and wait and see.
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At last, all the prediction above IS MERELY AN OPNION, and probably won't go as we predicted, so please jsut accept all this prediction as a entertainment .
Hope all of you may gain more and more profit in Stock market, good luck