Sunday, July 10, 2016
Indices short term support and resistance
Australia
Daily Neutral, Weekly DT
Broke UT channel lower band and recovered within channel. Need to break weekly diff (5,347) and close above for 2-3 days for more upside
Potential resistance around 5,316, TLU6, TLU3, 5,463, 5,528
Potential support around 5,266, 5,138, 5,025, TLU4, TLD5, 4,833
Japan
Daily DT, Weekly DT
In weekly chart, formed inside day in 2 consecutive weeks. No clear direction.
Potential resistance around 15,418, TLU5, TLU6, TLD6, 16,581, 16,896, TLU4, 17,328, 17,890
Potential support around 14,795, 14,366, 13,843, TLD4, 13,315
Hong Kong
Daily DT, Weekly DT
Moving within symmetrical triangle (TLD6, TLU6, magneta color), explosive movement maybe coming soon
Potential resistance around TLU2, TLD5, 21,080, TLD6, 21,682, 22,409, TLU4
Potential support around TLU5, 20,011, TLU6, 19,073, TLU3, 18,051
Hong Kong China H-Shares
Daily DT, Weekly DT
Similar to HK, moving within symmetrical triangle (TLD6, TLU7), explosive movement maybe coming soon
Potential resistance around TLD6, 9,006, 9,195, TLD4, TLU2, 9,658
Potential support around 8,637, TLU6, TLD5, 8,102, TLU3, TLU4, 7,479
UK
Daily UT, Weekly Neutral
Moving within Diff after a new diff is formed. No clear direction for this week. Daily trend from Neutral to UT while weekly trend from DT to Neutral.
Potential resistance around 6,809, TLU2, 6949, 7,047, 7,079, 7,127
Potential support around 6,578, 6,429, 6,297, TLD2, 6,125, 6,070, 6,010, TLU3, 5,894, 5,768
Germany
Daily DT, Weekly DT
Direction not clear, trying to cover 23 Jun gap but failed. Upside may see it cover the gap 23 Jun while downside watch for TLU2, long term trend support
Potential resistance around 9,679, 9,924, 10,189, TLU1, TLU3, TLD3, 10,653
Potential support around TLD2, 9,468, 9,216, TLU2, 8,928
India
Daily UT, Weekly DT
A new weekly and daily diff are formed. Any pull back, UT channel lower band is a strong support for potential rebound
Potential resistance around 8,435, 8,578, 8,705, 8,836
Potential support around TLU2, 8,223, 8,085, 7,991, 7,929, 7,817
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