bearish technical pattern on Hong Kong 50 Index 1 hour
The breakout of Hong Kong 50 Index through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of Hong Kong 50 Index testing 18348.8031 within the next 12 hours.
bullish technical pattern on Australia 200 Index 4 hour
Australia 200 Index has broken through a resistance line of a Triangle and suggests a possible movement to 7725.7632 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 a […]
Australia 200 Index approaching resistance level
Australia 200 Index is moving towards a key resistance level at 7689.8701. Australia 200 Index has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
FTSE China A50 Index – support line breached
FTSE China A50 Index has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days and suggests a […]
Huge bullish move on Australia 200 Index
Australia 200 Index hits 7650.67 after a 1.18% move spanning 4 days.
Huge movement on Australia 200 Index, did you miss it?
Australia 200 Index has moved higher by 0.84% from 7561.2 to 7624.56 in the last 3 days.
Australia 200 Index – Continuation Chart Pattern – Channel Up
Australia 200 Index was identified at around 7590.09 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 7756.3847 […]
Hong Kong 50 Index – Large movement, a rare opportunity
Due to the rate of consecutive bullish candles on Hong Kong 50 Index Daily chart we could be in for a price correction. If not, this trend could be a sign of things to come
Australia 200 Index approaching support of a Falling Wedge
Australia 200 Index is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 11 hours.
Australia 200 Index breakout through resistance
Australia 200 Index has breached the resistance line at 7634.2998. It may continue the bullish trend towards 7698.5942, or, it may prove to be yet another test of this level.