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Archive for the Indices Category


Hang Seng Index – trading within 1 candle

If you look closely, HSI over the last few days are trading inside 1 candle range. This is the candle that you need to pay attention if you want to look for any signs of bullish or bearish. Hang Seng is at resistance now over the last few days, either it is having a bullish […]

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Hang Seng – Support and resistance level

Market always are forgetful. When it is bullish, it forgets the bad news, and when it is bearish, it conveniently forgets the good news. And it keeps on recycle it over and over again. Now that market is rallying, all I want is for market to go higher so that we have a clear direction. […]

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Straits Times – Resistance with a shooting star

STI formed a shooting star at trendline resistance and 2 moving average resistance: 50 and 100 days. With a lot of counter at overbought, it is possible that there may be profit taking coming, but all shall depends on Europe and USA. We may be close but maybe still a small tiny tiny bull left? […]

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Hang Seng – Broke out from symmetrical triangle

According to the price projection for a symmetrical triangle, it projected that there is a possibility that Hang Seng could go to 20350. But do take note that this is just a possibility. Will it happen, we will know in few days/weeks. Right now if you are thinking about entering tomorrow onwards, do note that […]

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Shanghai Stock Exchange – hammer seen

Shanghai has been dragging down the regional indices and today formed a hammer. If SSE can rebound from here, there would be bullish divergence seen. Perhaps it is a sign that it can turn around? Do take note of the low volume trading week.

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Straits Times

Straits Times Index today stage a strong rebound and closed at 2694. First resistance to watch out for would be at 2730 which will also coincide with the 50 DMA. If STI await a few days later, it would also meet with the 20 DMA as resistance. Right now, do take note that to long […]

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SET (on request) – Thailand Stock Exchange

Thailand, especially Bangkok got devastated by major flood. Seems like Global warming comes early for them. Looking at SET, it is now a downtrend. Good news is that it is recovering, but hit the fibonacci 50% resistance. Strong support would be near 937. Resistance to watch out for now is recent high 996. There was […]

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