by the price movement, Taiex is moving no trend. we foresee that Taiex has the potentianl to chase the classis resistance area. the momentum indicator is pointing up near the oversold area. the indicates that taiex has a chance to chase the target resistance 15,475 and support area will be around 14,397
we foresee that taiex is likely to chase the order block / harmonic resistance minor resistance level at 14.812 support 13.985
KEEP IT SIMPLE You simply do not go LONG once you see a bearish momentum divergence. Proceed if you must! I would say this is a leading indicator that spells trouble!
Bearish Fundamental - $Taiex bigcap are mostly semi-con whereby most are over-valued during the pandemic - Now that demand are declining, there will be a surplus of supply > demand and looking at the coming recession / stagflation in the US. Taiwan being US semi-con partner. It will not go well with the GDP TA - Broke of major upward trend losing momentum -...
It seems that my first interpretation about TAIEX is still active: If the potential corrective pattern is really a Flat(either Expanded or Running), the price of TAIEX should start to accelerate to the downside to complete wave c
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual. The author of the analysis specifically disclaims any responsibility for any personal or...
Here is my last post about the TAIEX: The triangle I labeled is actually a triangle in a smaller degree, the wave 5 I anticipated is actually the 5th wave of wave iii Now TAIEX is forming another running triangle, which should follow a "thrust" to wave v
The price of TAIEX has been going up after bottomed at 2020/3/19, and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25), therefore I expect the price is now heading to the last wave According to my point of view, the micro wave 1 and 3 has finished, it will be invalided when the price goes above 17819.78 Furthermore, another "evidence" also...
This is our idea from last October on the FTSE TWSE Taiwan 50 Index. Well , first let's understand why Taiwan is such a great place to live and invest Also, How Taiwan beats China to be Asia's top-performing economy The rest is just history, Taiwan is a miracle. the FXPROFESSOR
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO UP TREND YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
possible move for Taiwan TSEC 50 Index
A beautiful index to follow. Neutral at the moment but a must-keep in your radar
10829 is breaking point and support line is 10726
The Taiwan stock market is trading on a very standard long term 1M Channel Up which is currently neutral close to its median (RSI = 50.364). We see a very reliable buy signal pattern. Each Golden Cross (MA50 over MA200) has a distance of roughly 950 days from the Death Cross (opposite). The Death Cross comes to signal the end (or approaching) of the cycle's...
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...