Cycle Wave

6/19/2020

Tencent Holdings Ltd (700 - HK) - updated EW count

Tencent Holdings Ltd (700 - HK) is in 3^rd subwave of 3^rd wave, which is either about to end or it may further extend, but will know as correction proceeds. If the 3^rd subwave ended then 4^th subwave correction should not entered in to the territory of subwave 1. It is exactly moving up as expected in previous updates. In weekly time frame it is a very strong stock of HSI and in the 3^rd wave of 5^th wave impulse, which is further subdividing as extended wave.

Hong Kong Exchange & Clearing Ltd (388 - HK) - updated EW count

Hong Kong Exchange & Clearing Ltd (388 - HK) has completed wave 4 in WXY complex correction and over all it traded with high volume. It is now moving up in 5^th wave in which 3^rd subwave is start moving upside. It is exactly moving up as expected in previous updates. Once it crossed the resistance line of high of 3^rd wave, it will go further faster. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter.

Hang Seng Bank (11 - HK) - Reversal bullish cycle

Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. New up cycle can’t be classified clearly as impulse, but the upmove was supported by huge volume, which suggest the temporary trend change. Until the clear count, no more updates now for this stock.

CK Asset Holding Ltd (1113 - HK) - updated EW count

CK Asset Holding Ltd (1113 - HK) has completed wave 1 of (C) up in (A)(B)(C) zigzag cycle. 2^nd wave correction is under progress, so wait to complete it first because thereafter 3^rd wave up will start moving up.

Hengan Intl Group Ltd (1044 - HK) - updated EW count

Hengan Intl Group Ltd (1044 - HK) has completed WXY complex correction as double zigzag has completed. It now in ABC move, wait for next update until it confirms the new trend or trend down as continuation. In weekly time frame it is choppy. After B over, it will again move up for massive C wave.

6/9/2020

HSI (HK50 - HK) - updated EW count

HSI (HK50 - Tokyo) is about to end the 3^rd wave of C move up in ABC wave pattern zigzag in 60 min time frame. Wave A was leading diagonal structure means C wave may move farther. So it may possible that extension will be on the way to C cycle.

FTSE China 50 Index (FTXIN25 - HK) - updated EW count

FTSE China 50 Index (FTXIN25 - Tokyo) is in 4^th wave correction of C wave up. In 60 min the ABC zigzag in progress having A wave as leading expanding diagonal, B flat correction and C is in progress. Let’s see how far it goes along with other major world indices.

HSI Finance (HSNF - HK) - updated EW count

HSI Finance (HSNF - Tokyo) is in 3^rd or C wave up in which price is now in 2^nd wave correction. But its overall under-performer and in corrective up cycle.

HSI Commercial & Industrial (HSNC - HK) - updated EW count

HSI Commercial & Industrial (HSNC - HK) is in ABC zigzag from last bottom and its clear out-performer to HSI index. The C wave up is moving up and about to end its 1^st wave now.

Tencent Holdings Ltd (700 - HK) - updated EW count

Tencent Holdings Ltd (700 - HK) is in correction of wave 2 since last update. It may possible it to start wave 3, but HSI is now moving in wave 4, so better to wait or enter above high of 1^st wave. In weekly time frame it is a very strong stock of HSI and in the 3^rd wave of 5^th wave impulse, which is further subdividing as extended wave.

Hong Kong Exchange & Clearing Ltd (388 - HK) - updated EW count

Hong Kong Exchange & Clearing Ltd (388 - HK) has completed its 3^rd wave up and now correcting in 4^th wave, which is supported by high volume. It is also aligning with HSI index wave count, which is after correction will make one more high like HKEX. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter.

Hang Seng Bank (11 - HK) - Reversal bullish cycle

Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. As expected it starts new up cycle which is confirmed by price movement and tremendously high volume. I spotted the right point of reversal. It also crossed the wave 4 triangle, which is another confirmation of temporary trend change. But wait for clear 5 wave and its pull back to get in to it.

Swire Pacific A (19 - HK) - Reversal bullish cycle

Swire Pacific A (19 - HK) has completed the 5^th wave down as ending diagonal structure. The 5 wave is the part of C wave of ABC of WXY weekly time frame. Now it starts moving up as new cycle, but wait to confirm with some impulse structure, which crosses wave 4 high as a token. No more sell trades now. The high volume confirms the reversal, which comes after low over.

CLP Holding (2 - HK) - updated EW count

CLP Holding (2 - HK) has started moving up in 3^rd wave of C up. It may take time to progress as now HSI will go down to complete for 4^th subwave. So invalidation level will be watching carefully to retain the wave count.

Sunny Optical Technology Group Co Ltd (2382 - HK) - updated EW count

Sunny Optical Technology Group Co Ltd (2382 - HK) is in B wave correction as flat abc and c wave up is in progress. The ABC pattern is the part of Y wave corrective down. Wait for 5^th wave of c to complete to start the major C wave down.

CK Asset Holding Ltd (1113 - HK) - updated EW count

CK Asset Holding Ltd (1113 - HK) has started moving up in 3^rd wave as expected previously. Subwave 3^rd of 3^rd wave of C is in progress. Let’s see how it progresses. It has completed correction in weekly time frame downside and started new up cycle.

Hengan Intl Group Ltd (1044 - HK) - updated EW count

Hengan Intl Group Ltd (1044 - HK) is in 3^rd wave of C down in ABC zigzag down movement, which is actually the part of (B) down sequence after (A) wave leading diagonal. In weekly time frame it is choppy. After B over, it will again move up for massive C wave.

Galaxy Entertainment Group Ltd (27 - HK) - updated EW count

Galaxy Entertainment Group Ltd (27 - HK) is 2^nd wave correction of C wave up in ABC zigzag move. 2^nd will take more time as HSI will start correcting now in 4^th subwave. So wait for good entry to get in.

AAC Technologies Holdings Inc (2018 - HK) - updated EW count

AAC Technologies Holdings Inc (2018 - HK) is in ABC up move of Y wave of WXY correction of 2^nd wave up. It is moving up weekly as HSI going up to complete its 2^nd wave up. In weekly time frame the next move will be C, which should be more and swift down.

Meituan Dianping (3690 - HK) - updated EW count

Meituan Dianping (3690 - HK) has completed its 3^rd subwave of 5^th wave up. Here 5^th wave is extended. It is now moving in 4^th subwav correction and about to end soon, thereafter 5^th subwave will start and run for new high. This is in solid uptrend, but temporarily under-performing HSI. Wait for confirmation to get in.

Microport Scientific Corp (853 - HK) - updated EW count

Microport Scientific Corp (853 - HK) is in 5^th wave in 60 min time frame. It is now subwave 3^rd of 5^th wave with relative high volume. Again it is start subdividing so internal waves should count to get proper wave cycle. It in 3^rd wave in weekly time frame, so best buy opportunity.

Weimob Inc (2013 - HK) - Impulse wave pattern

Weimob Inc (2013 - HK) is in 4^th internal of 3^rd subwave of 3^rd wave, which may take 1-2 days to complete as in ABC wave. Thereafter it will rise in 5^th internal wave of 3^rd subwave. In weekly time frame it is in ABC zigzag move up and moving up in C impulse wave. If we consider upmove in 60 min time frame as ABC pattern even the price action is going up. The high volume suggest the strong move, which is also out-performing HSI.

6/2/2020

Semiconductor Manufacturing International Corp (981 - HK) - ABC down

Semiconductor Manufacturing International Corp (981 - HK) is in ABC zigzag down wave and now moving down in C wave, after impulse A wave as leading diagonal and B wave as sharp correction as consequence of diagonal structure. It completed impulse sequence at top in 60 min time frame. In weekly time frame it has completed 3^rd (or C wave) at top and out-performing on weekly basis to HSI index.

AAC Technologies Holdings Inc (2018 - HK) - Impulse wave pattern

AAC Technologies Holdings Inc (2018 - HK) is in 2^nd wave correction of C wave (or 3^rd wave) down. The 5^th internal wave of C wave will rise then it will start moving down. In weekly time frame it dropped in five wave impulse A wave and corrected in B wave. Now dropping in C wave, in which 3^rd wave down is in progress, which should be very sharp down and big fall. In a conservative approach this may be the part of double zigzag correction. In both cases the direction will be down.

Hengan Intl Group Ltd (1044 - HK) - ABC wave pattern

Hengan Intl Group Ltd (1044 - HK) is in ABC zigzag down movement, which is actually the part of (B) down sequence after (A) wave leading diagonal. It is now in 3^rd wave down of C wave of (B), which is invalidate if it crosses the invalidation level. In weekly time frame it is choppy.

Tencent Holdings Ltd (700 - HK) - ABC wave pattern

Tencent Holdings Ltd (700 - HK) is in ABC zigzag wave pattern and moving up in C wave up. It is in 1^st wave of C, which is about to end soon and 2^nd will correct it down. Watch the invalidation level closely. In weekly time frame it is a very strong stock of HSI and in the 3^rd wave of 5^th wave impulse, which is further subdividing as extended wave.

6/1/2020

HSI (HK50 - HK) - updated EW count

HSI (HK50 - Tokyo) is in ABC wave pattern zigzag in 60 min time frame. It is in 3^rd wave of C wave up and exactly moving up as expected. It completed A wave was in leading diagonal, B wave in complex wxy correction, which is over. (Refer chart update - 5/25/2020)

FTSE China 50 Index (FTXIN25 - HK) - updated EW count

FTSE China 50 Index (FTXIN25 - Tokyo) is in ABC zigzag correction in 60 min time frame, which is in its 3^rd wave of C wave. It is on the resistance level of previous three highs, which should be broken easily as its a 3^rd wave. (Refer chart update - 5/25/2020)

HSI Finance (HSNF - HK) - updated EW count

HSI Finance (HSNF - Tokyo) is in 3^rd or C wave up in which price is now in 2^nd wave correction. But its overall under-performer and in corrective up cycle. (Refer chart update - 5/25/2020)

HSI Commercial & Industrial (HSNC - HK) - updated EW count

HSI Commercial & Industrial (HSNC - HK) is in ABC zigzag wave pattern and moving up in 1^st wave of C wave up. To be in C wave impulse it must hold the invalidation level. (Refer chart update - 5/25/2020)

Meituan Dianping (3690 - HK) - updated EW count

Meituan Dianping (3690 - HK) is now in 3^rd internal wave of 5^th wave up in 60 min, which is the part of daily wave 5 up. As expected previously by slope and volume of price movement, it is going to subdividing the 5^th wave as extended wave. (Refer chart update - 5/25/2020)

Wuxi Biologics Cayman Inc (2269 - HK) - updated EW count

Wuxi Biologics Cayman Inc (2269 - HK) has completed impulse sequence as whole in 60 min time frame and now its under correction. In weekly time frame it has completed C wave from bottom as shown in previous weekly chart. - NO MORE UPDATES NOW. (Refer chart update - 5/25/2020)

Microport Scientific Corp (853 - HK) - updated EW count

Microport Scientific Corp (853 - HK) is in 5^th wave up in 60 min time frame, which is under 2^nd wave internal correction and must hold the 4^th wave low to go up. (Refer chart update - 5/25/2020)

CLP Holding (2 - HK) - updated EW count

CLP Holding (2 - HK) is in ABC zigzag wave pattern in 60 min time frame and in C wave up with relative high volume. It is moving in 1^st wave which is about to end and start 2^nd wave correction, which is good entry point with stops below invalidation level and high reward to risk ratio. (Refer chart update - 5/25/2020)

CK Asset Holding Ltd (1113 - HK) - updated EW count

CK Asset Holding Ltd (1113 - HK) is in ABC zigzag wave pattern in 60 min time frame and completed B wave flat, but wait for five wave impulse in smaller time frame to confirm the start of C wave up. (Refer chart update - 5/25/2020)

Galaxy Entertainment Group Ltd (27 - HK) - updated EW count

Galaxy Entertainment Group Ltd (27 - HK) is in 3^rd wave up of C of ABC zigzag pattern in 60 min frame. It is moving up with gap, which is the common character of wave 3^rdand holds it till it ends. (Refer chart update - 5/25/2020)

Hong Kong Exchange & Clearing Ltd (388 - HK) - updated EW count

Hong Kong Exchange & Clearing Ltd (388 - HK) is in 5^th wave in impulse sequence, which may extend as it is fueled with high volume and high slope. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. (Refer chart update - 5/25/2020)

Swire Pacific A (19 - HK) - updated EW count

Swire Pacific A (19 - HK) is in 5^th wave of C wave down and moving in 4^th internal wave of 5^th wave down. The ABC sequence is the part of weekly time frame, down cycle as Y wave of complex correction WXY. (Refer chart update - 5/25/2020)

Hang Seng Bank (11 - HK) - updated EW count

Hang Seng Bank (11 - HK) has completed impulse sequence of C wave in ABC sequence, which started from last major top in daily. Now possible sharp reversal expected as the consequence of triangle.But until it crosses reversal point no more updates needed to this instrument. (Refer chart update - 5/25/2020)

5/26/2020

HSI (HK50 - HK) - ABC wave pattern

HSI (HK50 - Tokyo) is in ABC wave pattern zigzag in 60 min time frame. It completed A wave in leading diagonal, B wave in complex wxy correction, which is over. Wave C is started moving up with gap today. Till it holds the gap, possibly equal sized C wave expected to move up from here. In weekly time frame it has completed WXY complex down correction as shown in chart. So this will be new upside sequence which can be corrective or impulse, but let charts speak to us.

FTSE China 50 Index (FTXIN25 - HK) - ABC wave pattern

FTSE China 50 Index (FTXIN25 - Tokyo) is in ABC zigzag correction in 60 min time frame, which is out-performing the HSI index, as here B wave was not deeper correction like HSI. B wave here was flat correction and C wave up started today with gap up price movement. In weekly time frame it resembles the HSI index rather than last up move from 60 min low.

HSI Finance (HSNF - HK) - ABC flat wave pattern

HSI Finance (HSNF - Tokyo) is in flat ABC wave in 60 min time frame. It is one of the most under-performing sector in HSI. It has completed A & B three wave move in flat correction and started in moving C up (or Y wave alternatively).

HSI Commercial & Industrial (HSNC - HK) - ABC wave pattern

HSI Commercial & Industrial (HSNC - HK) is in ABC zigzag wave pattern, where B wave was flat correction and price is out-performing compared to HSI index. It is also out-performed to HSI in weekly time frame within last rise.

Meituan Dianping (3690 - HK) - Impulse wave pattern

Meituan Dianping (3690 - HK) is now in 3^rd internal wave of 5^th wave up in 60 min, which is the part of daily wave 5 up. It is further expected that this is the part of extension as volume and slope of price movement both are increasing. As in my yesterday trade list, it was the bottom where given as buy call with stops below 116 level. Let’s see now what happened next.

Wuxi Biologics Cayman Inc (2269 - HK) - 5^th wave up

Wuxi Biologics Cayman Inc (2269 - HK) is in 5^th wave up of major 5^th wave of C wave up in daily time frame. It is now in 5^th wave up after sharp 4^th wave ended just above wave 1 territory. It also be possible that extension is on the way. But conservatively it is now in 5^th wave progress with small invalidation level between. It is also in strong uptrend and out-performing HSI.

Microport Scientific Corp (853 - HK) - 5^th wave up

Microport Scientific Corp (853 - HK) is in 4^th wave correction, which possibly little deeper as 2^nd wave was complex in 60 min time frame. It is out-performing the HSI and at all time high in daily as in 3^rd wave (or C wave) up in daily.

CLP Holding (2 - HK) - ABC wave pattern

CLP Holding (2 - HK) is in ABC zigzag wave pattern in 60 min time frame. It has completed A five wave sequence followed by zigzag B wave. Now price is in C wave up with relative high volume. It is out-performing stock compared HSI index. In weekly time frame it has already completed down side correction and now in upside move.

CK Asset Holding Ltd (1113 - HK) - ABC wave pattern

CK Asset Holding Ltd (1113 - HK) is in ABC zigzag wave pattern in 60 min time frame. It made B flat correction, which is about to end soon. But wait for five wave impulse in smaller time frame to confirm the start of C wave up. In weekly time frame it made huge WXY complex correction from the date of inception. Also it should start out-performing HSI to go up for C wave.

Galaxy Entertainment Group Ltd (27 - HK) - ABC wave pattern

Galaxy Entertainment Group Ltd (27 - HK) is in ABC zigzag pattern in 60 min as well as out-performing HSI index. It has completed A five wave sequence followed by B zigzag wave correction and now moving in C wave up. In weekly time frame it completed WXY downside complex correction with overall strong outlook.

Hong Kong Exchange & Clearing Ltd (388 - HK) - ABC wave pattern

Hong Kong Exchange & Clearing Ltd (388 - HK) is in ABC wave pattern in 60 min time frame, which might be over, but if it extends as impulse after C wave over as wave 3, then it will further go for one more wave as C wave up. In weekly time frame, it is under giant triangle, which is at the verge of breakout, which will huge bullish thereafter. But right now no trade set up until it confirm the five wave move.

Swire Pacific A (19 - HK) - 5^th of C wave

Swire Pacific A (19 - HK) is in 5^th wave of C wave down. Currently price is in 3^rd internal wave of 5^th wave down. The ABC sequence is the part of weekly time frame, down cycle as Y wave of complex correction WXY. In internal wave 3^rd the volume was huge, which possibly drive it down as expected. The under-performance is the best character of it go further down as expected.

Hang Seng Bank (11 - HK) - 5^th of C wave

Hang Seng Bank (11 - HK) is in 4^th wave of 5^th wave major down of C wave in ABC sequence, which started from last major top in daily. 4^th wave in 60 min will possibly flat or triangle, as 2^nd wave was sharp correction. This wave was often not advisable to trade actually, because next will be the up cycle, which might be sharp too. In weekly time frame, this ABC move is correcting impulse up cycle.

Alibaba Group Holding Ltd (9988 - HK) - ABC flat wave pattern

Alibaba Group Holding Ltd (9988 - HK) is in ABC flat wave pattern in 60 min as the part of X wave down in bigger WXY wave pattern. Wave 2^nd is much sharp, which might give one more leg up before go down to 3^rd wave down of C wave. Overall market outlook is now positive, so wave 2 can be much deeper.

Xiaomi Corp (1810 - HK) - ABC wave pattern

Xiaomi Corp (1810 - HK) is in ABC corrective down wave cycle in 60 min, which is the part of X wave in bigger WXY corrective up sequence. As the HSI is now in up cycle, possibly B wave will give much deeper correction. So wait for confirmation in smaller time frame for C wave down. In weekly time frame its within correction of WXY up move.

Sunny Optical Technology Group Co Ltd (2382 - HK) - ABC wave pattern

Sunny Optical Technology Group Co Ltd (2382 - HK) is in ABC wave correction as the part of Y wave down. It already made A five wave sequence down and B wave up is now under progress. In weekly time frame it has completed impulse up move and then within bigger complex correction. This trade set up is not with high odds because of possible of alternate bullish count just like bearish, but only can done when expect market HSI to go down for any correction.

5/25/2020

Meituan Dianping (3690 - HK) - Impulse wave pattern

Meituan Dianping (3690 - HK) is a Retail stock from Services sector in Hong Kong, which is out-performing and at all time high. From the major bottom shown in Daily chart it made an impulse five wave up sequence, in which it is in it’s 5^th wave up. In 30 min time frame, price is in 4^th wave correction and sharp as alternating with wave 2^nd was choppy. Today is its earning day, so if it retains 116 level then it will go for new high above 145 level. Let’s see how chart unfolds.

5/22/2020

Swire Pacific A ( 0019 - HK) - Updated Elliott wave count

Swire Pacific A ( 0019 - HK) is in 3^rd of 5^th wave down having huge volume, which is driving it towards new low as shown in chart.

Hang Seng Bank (0011 - HK) - Updated Elliott wave count

Hang Seng Bank (0011 - HK) is in 3^rd wave of 5^th wave major down with huge volume, which is driving stock to furhter down to new low towards target as shown in chart.

Sands China Ltd (1928 - HK) - Updated Elliott wave count

Sands China Ltd (1928 - HK) is in 3^rd wave down of C down in Y wave as shown in chart. It is also under-performing the market.

5/14/2020

Swire Pacific A ( 0019 - HK) - Updated EW count

Swire Pacific A ( 0019 - HK) is in 3^rd of 5^th wave down having huge volume, which taken support at 47.50, if this level will break then fast down fall can be seen to new low as shown in chart.

Hang Seng Bank (0011 - HK) - Updated EW count

Hang Seng Bank (0011 - HK) is internal 2^nd wave of 3^rd of wave C down. It is the part of Head & Shoulder pattern too, which drives it down to new low.

Sands China Ltd (1928 - HK) - Updated EW count

Sands China Ltd (1928 - HK) is in 3^rd wave down of C or alternatively w wave of Y if there is triangle, but in both the cases price action should be bearish. If there is triangle then price should fall faster as it already broken triangle.