Neutral, back within the trend channel
Formed outside day on Mon, broke trend line resistance on Tue and Fri closed with outside day but -roc. Need to stay above trend line support for more upside
Took partial profit when break pdl on Fri
Potential resistance around 5,735, 5,845 and 5,932
Potential support around 5,617, 5,528, 5,463 and 5,381
Broke trend line resistance on Mon and met with another trend line resistance on Thu and Fri.
Potential resistance around 20,900, 22,500^ and 23,900^
Potential support around 20,619, 20,052, 19,740 and 19,092
^Est figure using (cash) chart provided by Yahoo finance
Daily DT, Weekly UT
Tested 2 trend line resistance on Wed and Thu. Broke 2 trend line resistance and broke lhf (2ET) on Fri. For more upside, need to stay above the trend line support for next few days.
Entered small long pos on Fri.
Potential resistance around 25,571, 26,681 and 27,262
Potential support around 23,969, 22,745, 22,409 and 21,682
Hong Kong China H-Shares
Daily DT, Weekly UT.
Tested trend line resistance from Mon to Thu and broke on Fri at the same time also broke lhf (2ET). Entered small long pos.
Potential resistance around 12,404, 13,021, 13,595 and 14,047
Potential support around 11,821, 11,366 and 10,450
Daily DT, Weekly Neutral.
Broke one of the trend line resistance on Mon and tested another trend line resistance on Thu and Fri. New Diff is also formed.
Potential resistance around , 6,809, 6,949 and 7,047
Potential support around 6,661, 6,578 and 6,429
Daily DT, Weekly UT
Quite similiar to UK, broke one of the trend line resistance on Mon and tested another trend line resistance on Thu and Fri. New Diff is also formed.
Potential resistance around 11,774, 11,994 and 12,238
Potential support around 11,532, 11,147, 10,930 and 10,653
Broke lhf (3ET) on Mon and new diff is formed.
Entered long pos on Mon when break lhf. Will add long pos on next lhf break
Potential resistance around 8,705, 8,836 and 9,006
Potential support around 8,578, 8,435 and 8,223
Daily DT, Weekly Neutral
Next week will be an important whether STI can break the strong resistance (3,360) and stay above ton continue with the UT. If STI can manage to break out, next strong resistance will be 3,458. The potential support will be 3,298
Key event to watch out (SG Time)
20 Jul, Mon
- Japan Holiday
- 0930 AUD CPI (Q2)
- 2200 USD Existing Home Sales (Jun)
- 0500 NZD Interest Rate Decision
- 1630 GBP Retail Sales (MoM) (Jun)
- 2030 CAD Core Retail Sales (MoM) (May)
- 0945 CNY HSBC Manufacturing PMI (Jul)
- 1530 German Manufacturing PMI (Jul)
- 2200 USD New Home Sales (Jun)