Chart 1: DJIA's daily chart as at Aug 26, 2015 (Source: Stockcharts)
The hapless China A50 put in a not-so-imprressive gain of 191 to close at 8766. Its recovery is a tad uncertain but I believe that it should be able to at least test the horizontal resistance at 9500 this few days.
Chart 2: China A50's daily chart as at Aug 26, 2015 (Source: Stockcharts)
WTIC is exhibiting an expanding triangle- a rare pattern- with support at USD37. I believe that there is a fair chance that it may put in a decent rebound from here.
Chart 3; WTIC's daily chart as at Aug 26, 2015 (Source: Stockcharts)
The collective recovery of these 3 indices could help our market. We may see our FBMKLCI punches through the 1600 & possibly reaching its goal of 1650. It is hard to see beyond that.
3 comments:
Hi Alex ,
How about our Ringgit Malaysia ? Can you share your technical view also?
Tx!
It is correction to physical pull out due to Fed.
It is beyong charts analysis
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