Asian market positive technical regional theme remains in force, with the Shanghai Composite index the stand out : it generated an initial buy signal at 2105...
Angela Mangan
QMG Pty Ltd
Asian market positive technical regional theme remains in force, with the Shanghai Composite index the stand out : it generated an initial buy signal at 2105 on 24/7/14, and a secondary buy signal at 2288 on 3/9/14. Upside potential remains. During June/July the 3 key Asian indices - Nikkei, Hang Seng, Shanghai Composite - all generated technical buy signals in rapid succession, which given this occurred in a cluster, flagged the Asian region as having the potential to stage a further rally. The Nikkei has recently reached it's nominated upside technical target@16,300, and the Hang Seng reached it's upside technical target @ 24,100. There are currently no signs of a technical top formation emerging on either index, despite the pullback from the recent peak.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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