Resistance line breached by Hong Kong 50 Index
Hong Kong 50 Index has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 21633.4051 may materialize within the next 13 […]
Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is heading towards a line of 7422.6899. If this movement continues, the price of Australia 200 Index could test 7422.6899 within the next 3 days. 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 up rebounding.
Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is heading towards a line of 7422.6899. If this movement continues, the price of Australia 200 Index could test 7422.6899 within the next 3 days. 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 up rebounding.
Will Hong Kong 50 Index have enough momentum to break support?
Hong Kong 50 Index is heading towards the support line of a Falling Wedge and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout […]
Will Hong Kong 50 Index have enough momentum to break support?
Hong Kong 50 Index is heading towards the support line of a Falling Wedge and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout […]
Possibility of big movement expected on FTSE China A50 Index
FTSE China A50 Index has broken through a support line of a Triangle and suggests a possible movement to 13346.0406 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see […]
Hong Kong 50 Index approaching resistance of a Channel Up
Hong Kong 50 Index is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 17 days. If it tests this line again, it should do so in the next 3 days.
Hong Kong 50 Index approaching resistance of a Channel Up
Hong Kong 50 Index is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 17 days. If it tests this line again, it should do so in the next 3 days.
A final push possible on FTSE China A50 Index
FTSE China A50 Index is heading towards 14096.2100 and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down […]
Australia 200 Index – getting close to psychological price line
Australia 200 Index is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 11 days and may test it again within […]