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Asia-Pacific Market Pre-Market Analysis

July 23, 202609:45 AM LocalReal-Time Market Data
Hang Seng (HSI)
25,132
-0.04%
TAIEX (Taiwan)
44,233
+4.20%
Straits Times (STI)
5,527
+0.51%
Volatility Index — CBOE VIX
16.6% Moderate
Hang Seng (HSI)
Strong Bullish
25,132
-0.04%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (80.1)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 23,870 as a floor, offering a constructive base for directional longs. The momentum gauge prints 80 — historically, readings above 65 precede short-term retracements in this name. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 86%.
Support / Resistance
Support22,518
Resistance26,845
Moving Averages
21-day SMA23,866
50-day SMA24,715
100-day SMA25,257
200-day SMA25,785
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 80.1 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)26,845
23.6%25,824
38.2%25,192
50.0%24,681
61.8%24,171
78.6%23,444
Low (100.0%)22,518
Extensions
ExtensionPrice
Ext 1.13 (Up)27,407
Ext 1.272 (Up)28,022
Ext 1.618 (Up)29,519
Ext 1.13 (Dn)21,956
Ext 1.272 (Dn)21,341
Ext 1.618 (Dn)19,844
Trade Setup
Entry
25,132
Stop Loss
24,829
Take Profit
25,738
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call86%
Buy OTM Call
Call Ratio Backspread86%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread83%
Buy Call + Sell higher Call
TAIEX (Taiwan)
Strong Bearish
44,233
+4.20%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (40.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (45,475), shifting short-term structure to defensive. At 40, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. Long Put leads the strategy table at 80% — directional bias and vol regime both align.
Support / Resistance
Support39,967
Resistance48,219
Moving Averages
21-day SMA45,583
50-day SMA44,403
100-day SMA39,984
200-day SMA34,343
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.2 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)48,219
23.6%46,271
38.2%45,067
50.0%44,093
61.8%43,119
78.6%41,733
Low (100.0%)39,967
Extensions
ExtensionPrice
Ext 1.13 (Up)49,292
Ext 1.272 (Up)50,463
Ext 1.618 (Up)53,318
Ext 1.13 (Dn)38,894
Ext 1.272 (Dn)37,723
Ext 1.618 (Dn)34,867
Trade Setup
Entry
44,233
Stop Loss
45,002
Take Profit
42,694
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put80%
Buy OTM Put
Put Ratio Backspread80%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread77%
Buy Put + Sell lower Put
Straits Times (STI)
Strong Bullish
5,527
+0.51%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (87.5)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (5,355), maintaining the positive short-term trend channel. RSI reading of 88 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Strategy selection converges on Long Call (77%) — the quantitative factors align across direction, momentum, and implied volatility.
Support / Resistance
Support4,909
Resistance5,561
Moving Averages
21-day SMA5,348
50-day SMA5,177
100-day SMA5,051
200-day SMA4,846
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 87.5 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)5,561
23.6%5,407
38.2%5,312
50.0%5,235
61.8%5,158
78.6%5,048
Low (100.0%)4,909
Extensions
ExtensionPrice
Ext 1.13 (Up)5,646
Ext 1.272 (Up)5,739
Ext 1.618 (Up)5,965
Ext 1.13 (Dn)4,824
Ext 1.272 (Dn)4,731
Ext 1.618 (Dn)4,505
Trade Setup
Entry
5,527
Stop Loss
5,491
Take Profit
5,598
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call77%
Buy OTM Call
Call Ratio Backspread77%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread74%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Watch SGX Straits Times Index divergence with regional peers for relative strength cues across ASEAN markets.
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⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.