15-19/8 weekly Playbook


Overall, HSI remains cautious until heavy-weighted names earnings release. Therefore, I expect HSI will continue tight range bound between Monday and Wednesday. Of note, I want to see how the price reacts around the 2H belt as it entered the belt.

Price scenario:
Open/bid above 20078-096, build up time/volume, would test these 20230s area and see if the sellers are still there. If we do manage to break higher, would tgt 20500 and 20633 along the way. 192-230 would be reasonable targets for longs.

If this 20230s area fails, then can revert all the way lower and test 19455. [Look above and fail]

Open/offer below 20000, want to test 19873/842/825. Below this we’re more than likely going to tgt this 760-600 weekly low volume area where I expect responsive buying. On the way lower would look at 549/519/440 for support.

Depending on the action, if I dont see strong reaction from sellers prior to hitting this 760-600 area, I think we can bounce and test 20167 and 20236.
Hang Seng HSI HSI1!Technical IndicatorsTrend Analysis
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