Asia Indices Watch
NIKKEI: Within an ascending channel HANG SENG: Is testing the 20470pts resistance
Hourly Cash Charts
Sentiment: Bullish above the17027pts strong support Comment: The index is trading within an ascending channel and above the MA. It is currently trading above the 17560pts support. We expect a further bullish move above this leveltowards 18061pts.
Sentiment: Bullish above the 19458pts strong support Comment: The index pursued its upwards move towards the 20470pts level. This resistance should trigger a slight consolidation (+the RSI indicator is overbought). If cleared, the index would head towards 20812pts.
STRAITS TIMES: New historical high Sales Team
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KOSPI 200:New historical high
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Sentiment: Bullish above the 3189pts strong support Comment: The index registered a new historical high, far above theascending trend line and the bullish MA. The main context remains clearly bullish above these trend following indicators.
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Sentiment: Bullish above the 188pts strongsupport Comment: The index registered a new historical high. We expect the bullish movement to continue as long as the 192.35pts short term support is unbroken.
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