香港股指 技術分析 - 香港股指 交易: 2019-01-03

Negative data bearish for HK50

Hong Kong’s trade deficit widened in November. Will the HK50 continue declining?

On the daily timeframe the HK50: D1 is falling after retracing to three-month high in the end of September.

• The Parabolic indicator gives a sell signal.
• The Donchian channel indicates downtrend: it is tilted lower.
• The MACD indicator gives a bearish signal: it is below the signal line and the gap is widening.
• The Stochastic oscillator is falling but has not breached into oversold zone yet.

We believe the bearish momentum will continue after the price breaches below lower boundary of Donchian channel at 24926.5. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the last fractal high at 25958.0. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (25958.0) without reaching the order (24926.5), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Technical Analysis Summary