Hang Seng Index: Pullback Within Uptrend, Watching for Next Breakout

Binni Ong
10-23

Hang Seng Index ( $HSI(HSI)$ ) — Multi-Timeframe Analysis

Weekly Chart View (Big Picture)

  • The HSI continues to trend within an upward-sloping channel, showing a sustained recovery from its 2024 lows.

  • The upper boundary of this channel, around 27,300, has acted as a key resistance level.

  • The recent pullback came after price met resistance near this upper band — suggesting some profit-taking pressure.

  • However, if the index can close decisively above 27,300, it would represent a bullish breakout beyond the uptrend channel, potentially signalling further upside momentum.

Daily Chart View (Short-Term Trading Focus)

  • The uptrend structure remains intact, with a pattern of higher highs and higher lows.

  • The previous high near 25,500 is now serving as a support level, a typical bullish behaviour where old resistance becomes new support.

  • The immediate resistance lies around 26,367 — a break above this level could attract fresh buying interest.

  • Short-term traders can monitor whether the index holds above 25,500; this zone will be key for near-term direction. 

Using Structured Warrants for Short-Term Trading

Call/Put Warrants

  • Call warrants such as HSI 29200MBeCW251230 ( $HSI 29200MBeCW251230(VTTW.SI)$ ) (https://warrants.com.sg/tools/livematrix/VTTW)  traders expecting a bounce from the 25,500 support zone or a breakout above 26,367 for short-term upside momentum.

  • Put warrants such as HSI 24200MBePW251127 ( $HSI 24200MBePW251127(9FCW.SI)$ ) (https://warrants.com.sg/tools/livematrix/9FCW) may be considered if price fails to hold above 25,500 or faces repeated rejection near 26,367

Note: The featured call or put warrant is one of the warrants quoted on tight spreads and high liquidity. They are also known as trending warrants. 

DISCLAIMER

Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body. 

This commentary piece is sponsored by Macquarie Warrants Singapore. The views expressed by Binni Ong do not represent the views of Macquarie Group, nor its affiliates.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Investment products including warrants are subject to significant investment risks, including the possible loss of the principal amount invested.

Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • funzee
    10-24
    funzee
    Looks like HSI is setting up for an exciting breakout. Just need to watch that resistance level
  • Astrid Stephen
    10-24
    Astrid Stephen
    Snagging 9FCW put,25,500 support may crack!
  • Reg Ford
    10-24
    Reg Ford
    HSI holds 25,500! Grabbing VTTW call.
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