Hong Kong & China

Dow Jones Hong Kong Index is holding above support at 410. Respect of support would confirm the primary up-trend already signaled by a 63-day Twiggs Momentum cross above zero.

Dow Jones Hong Kong Index

The Hang Seng similarly respected support at 20000, indicating a primary up-trend, while rising 13-week Twiggs Money Flow indicates buying pressure.
Hang Seng Index

* Target calculation: 20 + ( 20 – 17.5 ) = 22.5

The Shanghai Composite Index is headed for a test of resistance at 2500. Breakout would signal a primary up-trend. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal.

Shanghai Composite Index

* Target calculation: 2500 + ( 2500 – 2250 ) = 2750

A primary up-trend on the Shanghai index would boost the recovery in Australia.

3 thoughts on “Hong Kong & China

  1. Muhammad Badi uz Zaman says:

    Great style of analysis…….simple language…..very easy to understand…..having a superb capacity & capability to
    touch the masses…………..EXCELLENT WORK……Congrats…

  2. msamih says:

    Many thanks ,i would like see charts behavior for gold and silver .dollar index please.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s