January 23, 2017
Moses Stock Analysis – Hang Seng Index
January 20, 2017 China SSE Composite and 34 EMA Wave
As we can see China Shanghai Composite Index has fallen from its peak above 34 EMA wave to below the wave and begin to get resisted by the dynamic wave. What is your worry?
The current market is very uncertain for sure, especially with the recent political climate, Brexit, possible new rule with the new governor. Everyone want to prove their are the right candidate for the right job.
In Asia market, everyone agree China and Hong Kong are the key market besides Japan. We should see how the market evolve while US and Europe are taking their turn to show their colours.
Hong Kong Hang Seng Index and 34 EMA Wave
Hang Seng Index has been above the 34 EMA Wave but it submerge below the wave after struggle to stay above in last year September. Price action finally cross below the wave and submerge.
HSI has than close below 34 EMA Wave, and start to get resisted by the wave. Hang Send Index bounces below the wave. We start seeing ABCD Chart pattern clearly.
Can you ride the trend and surfing the wave? Will it is not quite easy in this case, if you have pay close attention. You will notice the index emerge from below the wave again. There is a bull and bear fight. The bull is try to take control to get the bear trap under the wave. Who will win? Will see.
January 23, 2017 Hong Kong Hang Seng Index
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
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