Hong Kong 50 Index – support line breached
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 16353.4556 but consider reducing the size of your position as the price gets […]
Australia 200 Index trade outlook at 2023-12-20T20:00:00.000Z until 2023-12-20T20:00:00.000Z
The last 9 1 hour candles on Australia 200 Index formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 7461.5713.
Hong Kong 50 Index short term bearish trade setup to 16591.5000
Hong Kong 50 Index is heading towards a line of 16591.5000. If this movement continues, the price of Hong Kong 50 Index could test 16591.5000 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end […]
Extreme movement on FTSE China A50 Index
Those of you that are trend followers are probably eagerly watching FTSE China A50 Index to see if its latest 9.11% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 44 days move.
A potential bearish movement on Hong Kong 50 Index
Hong Kong 50 Index is moving towards a line of 16147.2500 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Hong Kong 50 Index […]
FTSE China A50 Index is on its way down
An unexpected large move has occurred on FTSE China A50 Index Daily chart beginning at 12208.43 and ending at 11069.43. Is this a sign of something new? What can we expect in the future?
There was a bullish move on Australia 200 Index
Australia 200 Index has moved higher by 4.88% from 7034.85 to 7378.45 in the last 19 days.
Hong Kong 50 Index – Extreme movement, a rare opportunity
Those of you that are trend followers are probably eagerly watching Hong Kong 50 Index to see if its latest 3.25% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 22 hours move.
Hong Kong 50 Index breakout through support
Hong Kong 50 Index has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 15979.0996 within […]
Possible breach of resistance level by Australia 200 Index
Australia 200 Index is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Australia 200 Index continues in its current trajectory, […]