Hong Kong: Hang Seng Index

[setravis]

Hong Kong Hang Seng Index

The Hang Seng Index is retracing to test the new support level at 15000 after a wide double bottom reversal. Rising Twiggs Money Flow (21-day) indicates buying pressure. Respect of support would confirm the primary up-trend — with a target of 21000, calculated as 16000 + [ 16000 - 11000 ]. Reversal below 14500 remains unlikely, but would test primary support at 11500.

[setravis]

Hong Kong Hang Seng Index
The Hang Seng Index retreated below short-term support at 18000, breaking out from its trend channel and warning of a secondary correction. Twiggs Money Flow (21-day) reversal below 0.1 would confirm the signal.

[setravis]

Hong Kong Hang Seng Bearish Divergence...
Hang Seng breakout below its trend channel warns of a secondary correction. Twiggs Money Flow (21-day) bearish divergence indicates selling pressure; a fall below zero would strengthen the signal. Reversal below 17500 would confirm a secondary correction, while recovery above 19000 would signal another primary advance.

[setravis]

Hong Kong Hang Seng Index...
The Hang Seng is testing resistance at 19000. Rising Twiggs Money Flow (21-day) increases the possibility of a breakout, which would signal another primary advance, with a target of 21000.

[setravis]

The Hang Seng Index reversed below its new support level at 21000. Respect of resistance at 21000 on the next rally would warn of a bull trap — as would penetration of the rising trendline. Twiggs Money Flow (13-week), however, remains above zero and respect of the zero line would signal another rally. Bullish divergence on 63-day Momentum Oscillator continues to indicate a primary uptrend.
Target calculations: 21000 + ( 21000 - 20000 ) = 22000

[setravis]

Hong Kong Hang Seng Index...

The Hang Seng Index recovered above 21000, signaling continuation of the primary up-trend. Twiggs Money Flow (13-week) respected the zero line, strengthening the signal. 63-day Momentum Oscillator rising above zero also indicates a primary up-trend.

[setravis]

Hong Kong: Hang Seng Index...
The HangSeng Index broke resistance at 21800, offering a medium-term target of 23000*. Rising Twiggs Money Flow (13-week) indicates buying pressure.

Target calculations: 21800 + ( 21800 - 20600 ) = 23000

[setravis]

Hong Kong: Hang Seng Index...
The HangSeng Index broke resistance at 21800, confirming the primary up-trend. Rising Twiggs Money Flow (13-week) above the zero line indicates buying pressure.

Target calculations: 21800 + ( 21800 - 20600 ) = 23000

[setravis]

Hong Kong: Hang Seng Index...

The HangSeng Index is consolidating in a narrow range above 23500, indicating continuation of the up-trend, but breakout below the rising trendline would test the new support level at 23000. Twiggs Money Flow (21-day) oscillating above the zero line signals continued buying pressure.

* Target calculations: 21800 + ( 21800 - 20600 ) = 23000

[setravis]

Hong Kong: Hang Seng Index...

The Hang Seng Index, however, is advancing for another test of 25000. Twiggs Money Flow (13-week) respect of the zero line indicates buying pressure.

* Target calculation: 25000 + ( 25000 - 22500 ) = 27500

[setravis]

The Hang Seng Index...

Displays a bearish divergence on Twiggs Money Flow (13-week) but the indicator has respected the zero line; a rise above 15% would indicate recovery. Failure of 23500 would test primary support at 22500, while breakout above 24500 would suggest a fresh primary advance.

* Target calculation: 25000 + ( 25000 - 22500 ) = 27500

[setravis]

Hong Kong: Hang Seng Index...

The Hang Seng Index recovered above 23000 Monday, but penetration of the rising trendline and a large bearish divergence on Twiggs Money Flow (13-week) continue to warn of a primary trend reversal. Failure of support at 22500 would confirm, while recovery above 24500 would suggest a fresh primary advance.

* Target calculation: 25000 + ( 25000 - 22500 ) = 27500

[setravis]

Hong Kong: Hang Seng Index...

Hong Kong stocks seen higher on easing China inflation
Tue Feb 15, 2011 8:37pm EST


HONG KONG, Feb 16 (Reuters) - Hong Kong stocks are expected
to open slightly higher on Wednesday on signs that inflation is
easing in China, but the benchmark index is likely to face
resistance around the 23,000 level.

The Hang Seng Index .HSI fell a percent to 22,899.78 on
Tuesday as late-session profit-taking in Shanghai led to losses
in locally listed mainland companies.

U.S. stocks slipped from a 2-½   year high but the pullback
was muted as trading volumes remained low.

Elsewhere in Asia, Japan's Nikkei .N225 was up 0.4 percent
while South Korea's KOSPI .KS11 was trading flat.

STOCKS TO WATCH: * Chinese car maker BYD Co Ltd (1211.HK), backed by U.S.
billionaire Warren Buffett, reported a 15 percent drop in January
auto sales, partly due to production constraints, which could put
further pressure on its stock. [ID:nTOE71E07X] *

China National Offshore Oil Corp will invest 350 billion
yuan ($53.06 billion) exploring for oil and gas in China over the
next five years, state television said on Tuesday, without
specifying whether it was referring to the state-owned parent or
listed arm CNOOC Ltd (0883.HK). [ID:nBJI002569] *

Beijing Capital Land Ltd (2868.HK) said it planned a 1.15
billion yuan bond issue at 4.75 percent due in 2014, raising
capital to fund possible acquisitions and for working capital.
For statement click
here *

ZTE Corp (0763.HK) said the China Banking Regulatory
Commission had granted approval for it to establish a finance
unit with registered capital of 1 billion yuan, to centralise
treasury management and enhance the efficiency of fund
application. *

China Resources Gas Group Ltd (1193.HK) said it had secured
an HK$800 million five-year loan facility for capital
expenditure, acquisitions and general corporate funding
requirements.

MARKET SUMMARY
*Wall St falls in light volume, pullback mulled      
*Dollar hits 8-week high vs yen; more gains seen    
*Oil drops on demand and inventory concerns          
*Bonds end up after 2-year yields test price support

[setravis]

Hong Kong: Hang Seng Index...
The Hang Seng Index drifted sideways Monday, struggling to break clear of 23500. Twiggs Money Flow (13-week) continues to display a large bearish divergence, warning of a primary down-trend. Reversal below 22600 would confirm, while recovery above 24400 would indicate a fresh primary advance.

* Target calculation: 25000 + ( 25000 - 22500 ) = 27500

[setravis]

Hong Kong: Hang Seng Index...

The Hang Seng Index is weaker, testing primary support at 22500. Failure would signal a primary decline to 20500*. Twiggs Money Flow (13-week) reversal below zero would signal a primary down-trend.

* Target calculation: 22500 - ( 24500 - 22500 ) = 20500