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.


Angela Mangan
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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.