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Technical Analysis
Technical Analysis from IFC Markets
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[QUOTE="IFC Markets, post: 210722, member: 18359"] [HEADING=1]Hang Seng Index Technical Analysis - Hang Seng Index Trading: 2022-07-18 [/HEADING] [HEADING=1]Hang Seng Index Technical Analysis Summary[/HEADING] [HEADING=2] Sell Stop։ Below 20000[/HEADING] [HEADING=2]Stop Loss: Above 22200[/HEADING] [TABLE] [TR] [TD] Indicator[/TD] [TD] Signal[/TD] [/TR] [TR] [TD] RSI[/TD] [TD] Neutral[/TD] [/TR] [TR] [TD] MACD[/TD] [TD] Sell[/TD] [/TR] [TR] [TD] MA(200)[/TD] [TD] Neutral[/TD] [/TR] [TR] [TD] Fractals[/TD] [TD] Sell[/TD] [/TR] [TR] [TD] Parabolic SAR[/TD] [TD] Sell[/TD] [/TR] [TR] [TD] Bollinger Bands[/TD] [TD] Sell[/TD] [/TR] [/TABLE] [HEADING=1][/HEADING] [HEADING=1]Hang Seng Index Chart Analysis[/HEADING] [IMG]https://ifccd.net/uploads/image/tanalysis/new/770bfe3588bbc73c150ac1916e9b44f4180f0266.png[/IMG] [HEADING=1]Hang Seng Index Technical Analysis[/HEADING] On the daily timeframe, HK50: D1 went down from the triangle. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if HK50: D1 falls below the last low and lower Bollinger band: 20000. This level can be used as an entry point. The initial risk limit may be higher than the last 2 upper fractals and the Parabolic signal: 22200. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders after making a trade can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (22200) without activating the order (20000), it is recommended to delete the order: there are internal changes in the market that were not taken into account. [HEADING=1]Fundamental Analysis of Indices - Hang Seng Index[/HEADING] China's GDP turned out to be worse than expected. Will the correction of HK50 quotes continue? Chinese GDP in the 2nd quarter of this year decreased by -2.6% q/q. Investors expected it to grow by 1.6%. Recall that since the 90s of the last century, a quarterly drop in China's GDP was observed only in the 1st quarter of 2020 (-6.8% q/q) at the height of the coronavirus lockdown. In annual terms, GDP increased by +0.4% y/y. This is also worse than the forecast +5.3% y/y. China Gross Domestic Product Year to Date (according to the results of the 1st half of 2022) amounted to +2.5%. In the same period in 2021, it was +12.7%. Theoretically, this allows us to predict that by the end of 2022, the Chinese economy will still continue to grow. The last time its annual decline was observed in 1976 (-1.6%). However, economic risks could have a negative impact on Chinese stocks. [/QUOTE]
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