Hong Kong Index (HSI): Uptrend Channel Trade
Published On: 15 July 2025, 10:05 AM | Author: Jun Yuan Kwong, Dealer
Key Entry Price Pivot(s)
- Entry Price: 23,700
- Recommended Trade: Long at level 23,700
- Take Profit: 24,900
- Stop Loss: 23,110
Alternative Case
- Short at level 23,600
- Take Profit: 22,600
- Stop Loss: 24,100
Market Analysis
The daily chart of the Hong Kong Index (HSI) indicates that the price is currently moving within an uptrend channel. The price is nearing the channel support level, which presents a potential trading opportunity.
Traders are advised to consider entering a long position if a strong bullish candlestick forms at the channel support. This would suggest a potential rejection of lower prices and a move towards the channel resistance, which is near the 24,900 level.
Conversely, if a strong bearish candlestick breaks and closes below the uptrend channel, it would indicate that the uptrend may be invalidated. In this scenario, traders might consider a short position below the bearish bar, targeting lower levels around 22,600.