Technical Forecast for Hang Seng CE Index


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


 

HSCEI hit profit taking & as expected broke support at 11083 to test 10996/910 which did hold as predicted but any longs need stops below 10870 today. We then look for 10798, possibly 10660/20 for a buying opportunity.
 
Resistance at 11260/11305 where we should struggle. Only a break above last week’s high of 11374 then allows further gains to resistance at 11524. Exit longs & try shorts here with stops above the March high of 11584.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!