Latest news with #HSIF
BusinessToday
a day ago
- Business
- BusinessToday
Bullish Stance On Hang Seng Index Futures Despite Mild Pullback
RHB Investment Bank Bhd (RHB Research) is keeping its long position on the Hang Seng Index Futures (HSIF), viewing the latest retracement as a healthy pause within an ongoing uptrend. On Friday, the HSIF slipped 198 points to close at 24,834, ending its recent upward streak. The index opened at 25,033 and briefly touched 25,060 before profit-taking pushed it to an intraday low of 24,779. It ended near the day's low, forming a bearish candlestick. However, during the evening session, the contract rebounded 103 points to 24,937. RHB Research stated that the pullback has not disrupted the bullish technical structure, as the Relative Strength Index (RSI) remains above 50% and the 20- and 50-day simple moving averages continue to trend upwards. It noted that as long as the index stays above 23,000 points, market sentiment is likely to remain in favour of the bulls. The brokerage advised traders to maintain the long position initiated at 21,416 on April 14, with a stop-loss at 23,000 points. Support levels are at 23,800 and 23,000, while immediate resistance is at 26,000, followed by 27,000.
BusinessToday
4 days ago
- Business
- BusinessToday
Bulls Eye 26,000 as Hang Seng Index Futures Rides Strong Uptrend
RHB Investment Bank Bhd (RHB Research) has maintained its bullish stance on the Hang Seng Index Futures (HSIF), after the contract extended its uptrend on Thursday, closing 199 points higher at 25,032 points. The index opened stronger at 24,830 points, dipped to 24,738 points, then rebounded to an intraday high of 25,084 points before closing near its peak — a sign of sustained buying interest. However, in the evening session, the index eased 156 points to 24,032 points. RHB Research noted that the Relative Strength Index remains above the 50% mark, while both the 20- and 50-day simple moving averages are trending higher, reinforcing the bullish market structure. If this momentum persists, the HSIF could move towards the immediate resistance at 26,000 points, with the next target at 27,000 points. The research house has advised traders to maintain the long positions initiated at 21,416 points on April 14, with a stop-loss set at 23,000 points. Support levels are pegged at 23,800 points and 23,000 points.
BusinessToday
6 days ago
- Business
- BusinessToday
Hang Seng Index Futures Extends Gains, Bullish Momentum Builds
The Hong Kong Hang Seng Index Futures (HSIF) continued its upward momentum on Tuesday, closing 130 points higher at 24,844 points, according to RHB Investment Bank Bhd (RHB Research). The index opened weaker at 24,718 points and briefly touched 24,613 points before reversing sharply to hit an intraday high of 24,882 points. It settled near the peak, while the evening session saw a slight dip of 32 points to 24,812 points. RHB said the bullish candlestick formation, combined with the Relative Strength Index (RSI) climbing above the 50% mark, indicates strengthening upside momentum. The price remains above both the 20-day and 50-day simple moving averages, reinforcing the near-term bullish trend. 'As long as the index stays above 23,000 points, the broader structure remains favourable for the bulls. We maintain our positive trading bias,' RHB stated. The research house advised traders to keep long positions initiated at 21,416 points, with a stop-loss at 23,000 points. Immediate resistance levels are seen at 26,000 and 27,000 points, while support lies at 23,800 points and 23,000 points.
BusinessToday
04-08-2025
- Business
- BusinessToday
Hang Seng Index Futures Slide For Fourth Session, Long Bias Above 23,000 Pts
Hong Kong's Hang Seng Index Futures (HSIF) extended losses for the fourth consecutive session on Friday, falling 296 points to settle at 24,450 points amid persistent selling pressure and weakening bullish momentum. The index opened higher at 24,748 points, briefly touching an intraday peak of 24,831 points before reversing to hit a low of 24,437 points. It closed with a bearish candlestick pattern, signalling continued downside sentiment. In the evening session, HSIF fell further by 168 points, last trading at 24,282 points. RHB Research noted that the index is now trading below the 20-day simple moving average (SMA), while the descending Relative Strength Index (RSI) indicates waning bullish strength. 'If the correction persists, we expect the index to drift lower towards the 23,800-point support,' the report stated, adding that a rebound could still emerge from this immediate support zone. Despite the weakness, the research house maintained its positive trading bias, provided the index holds above the 23,000-point threshold. Traders are advised to keep long positions initiated at 21,416 points on April 14, with a stop-loss level set at 23,000 points. Immediate resistance is seen at 26,000 points, followed by 27,000 points. The key support levels are pegged at 23,800 points and 23,000 points.
BusinessToday
23-07-2025
- Business
- BusinessToday
Hang Seng Index Futures Eyes 26,000 As Bulls Take The Reins
RHB Investment Bank Bhd (RHB Research) has reiterated its long position on the Hang Seng Index Futures (HSIF) as the index continues to chart an upward path, closing 150 points higher at 25,134 during Tuesday's trading. The index began the session at 24,986 and briefly touched a low of 24,916 before surging to a high of 25,168, ending near the peak with a strong bullish candlestick. This pattern further reinforces the ongoing uptrend. In the evening session, HSIF added another 187 points, last seen at 25,321. RHB Research noted that the bullish momentum remains intact, supported by the Relative Strength Index (RSI) staying above the 50% level and the upward slope of both the 20-day and 50-day simple moving averages (SMA). With these technical indicators aligned positively, the index is expected to head towards the 26,000 resistance level in the near term. The firm has advised traders to maintain their long positions, first initiated at 21,416 on 14 April, with a stop-loss set at 23,000 to manage downside risk. Immediate support is identified at 23,800, while resistance levels are seen at 26,000 and subsequently at 27,000 if the bullish trend continues. Related
