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Hong Kong: HANG SENG INDEX (.HSI) Explores Changing Rules to Limit Backdoor Lists
Hong Kong Exchanges and Clearing Friday Proposed a number of new rules to crack down on backdoor lists and related "
The proposal marked the latest effort by HKEX, which operates the third largest stock market in Asia, to solve the problems posed by publicly traded companies. corporate behavior and to improve the quality of the market and the protection of investors. The exchange in April has proceeded to a large-scale reform of the registration in order to exceed the Nasdaq in five years as the preferred destination of technology companies.
The Securities and Futures Commission issued a statement supporting the HKEX proposal with reforms in recent years, including rules to curb the sudden movements of GEM shares on their commercial beginnings and damaging highly dilutive capital outflows to minority shareholders.
"We will continue to focus on the behavior on the quoted market which is harmful to the investing public and we will not hesitate to intervene at an early stage in our" concentrated "approach when we find misconduct or misbehavior. other serious problems warranting intervention under the Securities and Futures Ordinance, " said Ashley Alder, CEO of the SFC
In the # 39 together, the bias in prices is: Downward
Note: This chart shows an extraordinary price action downward.
In addition, prices are vulnerable to a correction to 30,081.61. The projected upper limit is: 29,923.09
The projected lower limit is: 27,942.83
The expected closing price is: 28,932.96
Candlesticks
A white body occurred ( because the prices closed higher than they opened).
In the last 10 bars, there were 5 white candles and 5 black candles. Over the past 50 years, there have been 24 white candles and 26 black candles for a net of 2 black candles
Momentum Indicators
Momentum is a general term used to describe the rate at which prices spend a given period of time. Generally, changes in dynamics tend to result in price changes. This expert shows the current values of four popular momentum indicators
Stochastic Oscillator
A stochastic oscillator interpretation method is the search for overbought areas (above 80) and oversold areas (less than 20). The stochastic oscillator is 27.9026. This is not an overbought or oversold reading. The last signal was a 0 purchase period.
Relative Strength Index (RSI)
The RSI shows overbought (over 70) and oversold (under 30) zones . The current value of the RSI is 37.54. This is not a trim or background area. However, the RSI just exceeded 30 over a background formation. This is a bullish sign. A buy or sell signal is generated when the RSI leaves an overbought / oversold area. The last signal was a 0 purchase period.
Commodity Channel Index (CCI)
The CCI displays overbought (above 100) and oversold (under-100) areas. The current value of the ICC is -77. This is not a trim or background area. The last signal was a purchase period 0.
MACD
The Moving Average Convergence / Divergence Indicator (MACD) gives signals when it crosses its 9-period signal line. Last Signal Sold 10 Period (s)
Rex Takasugi – TD Profile
HANG SENG INDEX closed up from 457,789 to 28,955,109. The volume was 20% above average (neutral) and the Bollinger bands were 74% larger than normal.
Open Up Low Down Volume ___
28,463.85028,962,28928,463.85028,955.1092,464,071,680
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish [19659003] Averages averages: 10 periods 50 periods 200 periods
Close: 29,176.00 30,396.11 29,968.38
Volatility: 24 21 21
Volume: 2,543,962,112 1,991,194,752 2,159,366,912
Short-term traders should grant more than $ 50,000. pay attention to the buy / sell arrows while the intermediate / long term traders should put more emphasis on bullish or bearish trend reflected in the lower ribbon.
HANG SENG INDEX is currently 3.4% below its 200-period moving average and is trending downward. Volatility is relatively normal compared to average volatility over the last 10 periods. Our volume indicators reflect the incoming and outgoing volume of .HSI at a relatively even (neutral) rate. Our trend forecast oscillators are currently bearish on .HSI and have had this outlook for the last 8 periods.
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