easy fractal to trade time frames are very different obviously but that's the whole point here. wish me luck
Narrowing price range and estrangulation of volume
possible move for Taiwan TSEC 50 Index
before RCL had risen, it has hint by the global stock company that continues to rise before RCL.
A beautiful index to follow. Neutral at the moment but a must-keep in your radar
Hi Vanessa , Its a little difficult for me to do a proper fundamental analysis on this stock of yours as information is a little harder to source using my current system . However I was able to determine a bit ... Overall the fundamentals were good , but I did get some conflicting information from different websites on their fundamental values and I don't want...
10829 is breaking point and support line is 10726
TSMC has been trading in a +/- 20% range since Jan 2018 and this is the 3rd time the stock has hit the top of the range. Be it more tariffs, smartphone saturation or the fact that Chinese crypto mines are being shut down, the demand picture for chips are just not that great.
This chart is pretty simple. It basically reminds investors that the Taiwanese stock market is highly positively correlated with US equities using the S&P 500 index as the primary proxy of US stocks. We can see that positive correlation with the correlation coefficient below. The Nikkei 225 is as well. However, TAIEX RSI is nearly flashing overbought and all three...
TAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well...
While RSI and Bull/Bear sentiment have edged away from clear overbought signals, we are continuing to see exponential moving averages assert their authority in suggesting the uptrend will continue. This is the case for the 'ribbon' of EMAs excluding the five day EMA which price action has dropped below. In the short-term I am a bit bullish on Taiwanese equities...
After the government made many statements about "most consecutive trading days for the index to stay above 10,000", Taiwan stock market had a biggest slump of all time to go down more than 6.3% (7.3% for the futures) today. To take this 0050 ETF as an example (composed of top 50 Taiwan stocks), it had so many potential trades to take on the train of slump! Of...
The sector of passive components in Taiwanese Stock Market went so crazy since last year. This Yageo is the leading one to make a perfect turnaround from a 2 digits stock to the 2nd highest price stock in Taiwan (called Queen of the stock market) . The story started from the passive components went short in supply and the price kept going higher and higher, so...