Hang Seng
[Tuesday, November 18, 2008 | 3 comments ]
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Resistance: Green trendline, 15000
Support: 10676
Comment: If it surges above Green trendline (above 14dMA) - more upside. If it surges above 15000 - bullish. If it plunges below 10676 - bearish. Based on Elliot Wave, it is currently at the beginning of Wave 1.

3 comments

Alvis said... @ November 25, 2008 7:15 AM

Today, HSI should be able to test 14dMA at 13400.

Alvis said... @ November 26, 2008 4:32 PM

HSI closed at 13369 testing 14dMA.

Alvis said... @ November 27, 2008 4:14 PM

HSI surged pass 14dMA this morning to hit a high at 13930. The 14dMA (13330) becomes the short term support which is tested in the afternoon, but managed to close at 13552.

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