HSI bullish breakout
Introduction: An amateur investor that is interested to expand my knowledge & improve my analysis. Methodology involves the use of longer term technical analysis to guide my macro view on markets. Please feel free to comment & critique. Looking forward to learn from everyone :D
Trend Analysis - HSI made a bullish breakout on 26 May 21. Looking to test the resistance at 29475 (Fibonacci retracement 23.6%). Short term support trend-line indicated in dark blue. First breakout confirmation from falling wedge pattern (started 17 Feb 21). Target price for current pattern is 32000 (using the 2 black lines to measure falling wedge target price). Second confirmation will be a break above 29475.
Fundamental Analysis - Bullish on Chinese equity markets outlook particularly cyclical sectors (financials, consumer cyclicals) & valuations for technology are becoming increasingly attractive. Portfolio allocation should ideally have exposure to themes involving China 5-year plan, disruptive technological themes (fintech, green-tech, robotics etc.) & ESG. View for Chinese equities in year of 2021 is overall bullish. Potential headwinds include China's credit market stability, regulatory risks & lastly credit tightening.
Trend Analysis - HSI made a bullish breakout on 26 May 21. Looking to test the resistance at 29475 (Fibonacci retracement 23.6%). Short term support trend-line indicated in dark blue. First breakout confirmation from falling wedge pattern (started 17 Feb 21). Target price for current pattern is 32000 (using the 2 black lines to measure falling wedge target price). Second confirmation will be a break above 29475.
Fundamental Analysis - Bullish on Chinese equity markets outlook particularly cyclical sectors (financials, consumer cyclicals) & valuations for technology are becoming increasingly attractive. Portfolio allocation should ideally have exposure to themes involving China 5-year plan, disruptive technological themes (fintech, green-tech, robotics etc.) & ESG. View for Chinese equities in year of 2021 is overall bullish. Potential headwinds include China's credit market stability, regulatory risks & lastly credit tightening.
Uwaga
HSI testing resistance level at 29475. Important trading week to determine direction of HSI moving forward.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.