DAX Weekly Review
During the previous trading day, Dax rallied to the lowerside but could not break below 15,472.1, as long as the price does not break and close below this level, we are waiting for a rebound from this level to pick a possible long term buy position. And in case the price breaks and closes below this level, then further momentum to the lowerside is expected with the next ideal target set at 15,041.9 and may likely extend much lower with the next ideal target set at 14,932.0.
Trade Recommendations:
Wait for a buy around 15,472.1.
Dow Weekly Review
During the previous trading week, the dow rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is right now, we are looking for a possible long term sell positions with the next ideal target set at 33,605 and may likely break and close below it. If the price pulls back to the upperside, then we are going to be looking at price around 34,578, if this level is broken, then further momentum to the upperside is expected.
Trade Recommendations:
We’re short for now
HSI Weekly Review
The Hong Kong’s stocks index is currently in a range, not going above 18279.9 or below 17555.1. As long as the price remains within this range, we are waiting for a rebound from the upper level to pick a sell or a rebound from the lower level to pick a buy position. If the price breaks and close below the lower level, then further momentum to the lowerside is expected, if the price breaks and closes above the upper level, then further momentum to the upperside is expected.
Trade Recommendations:
Wait for a buy around 17,555.1 towards 18,279.9
