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Thursday, 30 August 2012

Hang Seng Index Hourly: 30 August 2012, Thursday, 10.15am Singapore Time



Hang Seng Index Hourly: 30 August 2012, Thursday, 10.15am Singapore Time
Immediate Term Sell-down further executed today as expected 2 weeks ago
(Take Profits in Batches Now)
Reference: http://donovan-ang.blogspot.sg/search/label/Hang%20Seng%20Intraday



As expected, R1, R2, R3 and the important R4 as mentioned last week all held and suppressed. Furthermore, HSI was suppressed with a fake bullish ascending triangle; it is a double bearishness. Next target will be to test for Channel Supports as above.

Hang Seng Index Hourly: 22 August 2012, Wednesday, 8.38pm Singapore Time
Immediate Term Sell-down executed today as expected
http://donovan-ang.blogspot.sg/search/label/Hang%20Seng%20Intraday



As expected from last week, Hang Seng indeed went into an immediate term sell-down mode, creating Resistances R1, R2, R3 and R4 as above. These pose immediate selling pressures to cap further upsides and to limit the rate of momentum upwards. Immediate term carry on to be bearish, unless R4, R1 and R2 are captured in succession.


Hang Seng Index Hourly: 17 August 2012, Friday, 3.25pm Singapore Time
Immediate Term Sell-down executed today as expected




Above is where Hang Seng is selling currently based on Intra-day Technical Analysis. 
The immediate term selling is to be under-way and to execute.


Hang Seng Index Hourly: 16 August 2012, Thursday, 4.05pm Singapore Time
Immediate Term Sell-down executed today as expected




Above is where Hang Seng is selling currently based on Intra-day Technical Analysis. 
The immediate term selling is still under-way and execution in progress.
Hang Seng Index Hourly: 15 August 2012, Wednesday, 9.40am Singapore Time
Immediate Term Sell-down expected.


Hang Seng Index (HSI) is currently hitting major Intra-day Resistances at 20100-20188 pts with significant bearish divergences.

Bearishness sell-down in the immediate term is expected.

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