One thing worth mentioning is that the MACD is testing its resistance the third time. This might be an important indicator showing whether HSI could further surge to new high in these weeks.
Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Monday, August 2, 2010
Another Clue for HSI (2010-08-02 HSI analysis)
Luckily the market opened up today, otherwise I might have followed the clues by SMA and bought some bear. The 10 and 20SMA did not cross beautiful, but the 10SMA moved back upwards, forming a whipsaw.
One thing worth mentioning is that the MACD is testing its resistance the third time. This might be an important indicator showing whether HSI could further surge to new high in these weeks.
One thing worth mentioning is that the MACD is testing its resistance the third time. This might be an important indicator showing whether HSI could further surge to new high in these weeks.
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