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HSI: Hang Seng Index of Hongkong listed shares (real-time) 167 replies

Anyone trade Hang Seng? 27 replies

Anyone trade fx in Hong Kong? 4 replies

Any one who lives in Hong Kong and trades? 0 replies

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Hang Seng Hong Kong

  • #1
  • First Post: Feb 2, 2016 8:13pm Feb 2, 2016 8:13pm
Did a search and did not find a thread for Hong Kong's Hang Seng Index. We could use one.
This morning is bloody
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  • #2
  • Feb 2, 2016 8:18pm Feb 2, 2016 8:18pm
If you plan on looking for long term bargains that pay good dividends this is one of them. I will update ones with good paying dividends for long term buy and hold stocks along with possible index reversals. This is China Construction Bank
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  • #3
  • Feb 2, 2016 8:48pm Feb 2, 2016 8:48pm
Quoting stylinex
If you plan on looking for long term bargains that pay good dividends this is one of them. I will update ones with good paying dividends for long term buy and hold stocks along with possible index reversals. This is China Construction Bank {image}
I don't follow china stocks but from what I've been reading, several banks in China & Europe are in pretty serious trouble if the downturn continues. Also, when the dividend yield approaches 10% you know something isn't right. If this were a safe investment, big buyers would be holding price higher as there aren't many good yield investments around with rates so low. A bit like when yields on corporate debt get too high it's "scary" time :-)
  • #4
  • Feb 2, 2016 10:29pm Feb 2, 2016 10:29pm
Quoting srt
{quote} I don't follow china stocks but from what I've been reading, several banks in China & Europe are in pretty serious trouble if the downturn continues. Also, when the dividend yield approaches 10% you know something isn't right. If this were a safe investment, big buyers would be holding price higher as there aren't many good yield investments around with rates so low. A bit like when yields on corporate debt get too high it's "scary" time :-)
I agree. Will post others aside from banks but government owned or backed banks are usually stable in Asia. I am waiting to buy government owned or backed oil stocks related to energy as I expect a rally into summer after this next drop.
  • #5
  • Feb 3, 2016 1:51pm Feb 3, 2016 1:51pm
Quoting stylinex
{quote} I agree. Will post others aside from banks but government owned or backed banks are usually stable in Asia. I am waiting to buy government owned or backed oil stocks related to energy as I expect a rally into summer after this next drop.
would be very surprised if we do not get a large turnaround tonight.
If not it's doomed.....
Don't be a hero. Don't have an ego. Always question yourself
  • #6
  • Feb 3, 2016 3:18pm Feb 3, 2016 3:18pm
Quoting stylinex
{quote} I agree. Will post others aside from banks but government owned or backed banks are usually stable in Asia. I am waiting to buy government owned or backed oil stocks related to energy as I expect a rally into summer after this next drop.
http://www.cnbc.com/2016/02/03/kyle-...territory.html
  • #7
  • Feb 7, 2016 6:58am Feb 7, 2016 6:58am
Quoting srt
{quote} http://www.cnbc.com/2016/02/03/kyle-...territory.html
One more reason to short that Chinese Yuan
  • #8
  • Feb 7, 2016 7:53am Feb 7, 2016 7:53am
Purely technically speaking, this index is doomed. It's a monthly perspective to get an idea about the overall direction, and that seems clearly down for now. Next target could be 16500, or even worse 10500 and lower ... looooong-term speaking! Prerequisite would be that price actually keeps going down as it has closed on top of monthly support, not entirely sure yet if downtrend will unfold - should it, then targets as marked in chart apply.
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The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #9
  • Feb 7, 2016 9:08am Feb 7, 2016 9:08am
Quoting Slight
Purely technically speaking, this index is doomed. It's a monthly perspective to get an idea about the overall direction, and that seems clearly down for now. Next target could be 16500, or even worse 10500 and lower ... looooong-term speaking! Prerequisite would be that price actually keeps going down as it has closed on top of monthly support, not entirely sure yet if downtrend will unfold - should it, then targets as marked in chart apply. {image}
Thanks for chart..
You had this as of October, still see it this way? This probably the same for DAX as well as it is also in a Bear market now
  • #10
  • Feb 7, 2016 9:41am Feb 7, 2016 9:41am
Yes I still see it this way. Down action not stopping which supports this view. And you are right Dax looks equally bad, it actually closed on top of support like Hang Seng for the week. Imo, it now only needs a little bit more of bearishness until these can really be called bear markets.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #11
  • Feb 7, 2016 11:25am Feb 7, 2016 11:25am
http://www.forexfactory.com/showthre...75#post8673375

US equities still looking lower.
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  • #12
  • Feb 7, 2016 11:59am Feb 7, 2016 11:59am
.. it might just start to crack and prices are starting to fall through, who knows.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #13
  • Feb 7, 2016 9:04pm Feb 7, 2016 9:04pm
Quoting Slight
Purely technically speaking, this index is doomed. It's a monthly perspective to get an idea about the overall direction, and that seems clearly down for now. Next target could be 16500, or even worse 10500 and lower ... looooong-term speaking! Prerequisite would be that price actually keeps going down as it has closed on top of monthly support, not entirely sure yet if downtrend will unfold - should it, then targets as marked in chart apply. {image}

Yeah, echoing the same view......
  • #14
  • Feb 11, 2016 12:56am Feb 11, 2016 12:56am
Hang Seng got slaughtered today.
  • #15
  • Feb 25, 2016 12:57am Feb 25, 2016 12:57am
A Hang Seng weekly EW wave count, with a hint of optimism, potentially starting a 5th wave up of an (expanding) ending diagonal (c).
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  • #16
  • May 17, 2016 10:43pm May 17, 2016 10:43pm
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  • #17
  • Jun 16, 2016 1:36am Jun 16, 2016 1:36am
Not good for Hang Seng today. Bad news also for them not being approved to join other indexes
  • #18
  • Aug 15, 2016 10:33pm Aug 15, 2016 10:33pm
is this a downtrend starting-point?
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  • #19
  • Aug 16, 2016 1:35am Aug 16, 2016 1:35am
Quoting roger44
is this a downtrend starting-point? {image}
Not sure because China Life amongst a few other stocks is now in bull mode.
  • #20
  • Edited 3:24am Aug 17, 2016 2:46am | Edited 3:24am
Quoting stylinex
{quote} Not sure because China Life amongst a few other stocks is now in bull mode.
agree. still not yet to make sure how is the trend going further.
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