{"id":138502,"date":"2018-12-07T10:59:06","date_gmt":"2018-12-07T15:59:06","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138502"},"modified":"2018-12-07T07:00:11","modified_gmt":"2018-12-07T12:00:11","slug":"hk50-stock-market-analysis-negative-hong-kong-data-bearish-for-hk50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/hk50-stock-market-analysis-negative-hong-kong-data-bearish-for-hk50\/","title":{"rendered":"HK50 Stock Market Analysis: Negative Hong Kong data bearish for HK50"},"content":{"rendered":"<div id=\"inves-2230514556\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 7, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Negative Hong Kong data bearish for HK50<\/strong><\/p>\n<blockquote><p>Activities in Hong Kong\u2019s private sector continued to slow in November. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/indices-prices\/hk50\">HK50<\/a> continue declining?<\/p><\/blockquote>\n<p>Latest Hong Kong economic data were negative: private sector activity slowed still more in November. Nikkei Hong Kong PMI dropped to 47.1 in November from 48.6 in the previous month, the seventh straight month of contraction in private sector activity. The slowing of activities is explained by deteriorating US-China trade relations: exports to China fell at the fastest pace in three years. And it is not clear how the trade negotiations will progress in the 90-day truce period that the two countries agreed to. Weaker economic data are bearish for HK50.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/HK50_O_07Dec2018.png\" alt=\"HK50 testing support 12\/07\/2018 Technical Analysis IFC Markets chart \" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe the <b>HK50: D1<\/b> is falling toward the resistance line it had breached.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bearish signal: it is above the signal line and the gap is narrowing.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> Stochastic oscillator <\/a> is falling but has not breached into oversold zone.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below the resistance line turned into support and lower boundary of Donchian channel at 25788.50. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian channel at 27276.00. 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 probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (27276.00) without reaching the order (25788.50), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 25788.50<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 27276.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-1061726639\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Negative Hong Kong data bearish for HK50 Activities in Hong Kong\u2019s private sector continued to slow in November. Will the HK50 continue declining? Latest Hong Kong economic data were negative: private sector activity slowed still more in November. Nikkei Hong Kong PMI dropped to 47.1 in November from 48.6 in the previous month, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-138502","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=138502"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138502\/revisions"}],"predecessor-version":[{"id":138523,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138502\/revisions\/138523"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}