香港股指 技術分析 - 香港股指 交易: 2019-01-10

Improving Hong Kong data bullish for HK50

Contraction in Hong Kong business sector slowed in December. Will the HK50 continue rising?

On the 4-hour timeframe the HK50: H4 is above the 61.8 Fibonacci level, this is bullish.

• The Parabolic indicator gives a buy signal.
• The Donchian channel indicates uptrend: it is widening up.
• The MACD indicator gives a bearish signal: it is above the signal line and the gap is narrowing.
• The Stochastic oscillator is falling but has not reached the oversold zone.

We believe the bullish momentum will continue after the price closes above the upper boundary of Donchian channel at 26579.7. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian boundary at 25810.4. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (25810.4) without reaching the order (26579.7), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Technical Analysis Summary