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...
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has reacted from EMA 200. Now the Index is under the KUMO, has breached the Tenkan Sen and looking for Kijun Sen.
So the first think in mind is the case of a further reaction towards to KUMO. MACD is trying to bull and RSI are is looking...
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has cut downwards the KUMO. Now the Index in under the KUMO, under the Tenkan Sen and Kijun Sen too. The weekly diagram is bearish.
So the first think in mind is the case of a further decline under the KUMO. MACD and RSI are bearish.
There...
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has reacted from the bottom of KUMO and breached the top. Now the Index has pulled back to the top of KUMO SPAN A and it is above Tenkan Sen and Kijun Sen too. The weekly diagram turning bullish again and the monthly diagram is bullish.
So the...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a correction decline from 2.618 of fib for three weeks before it reacted on EMA 100 last week. The index is on a bull market because the EMA 50 is above the...
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a long development from January 2014 above the KUMO cloud. Now the Index is above Tenkan Sen and Kijun Sen too. The weekly and monthly diagram are bullish but MACD is overbought on both of them.
So the first think in mind for Monday is...
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a long development from January 2014 above the KUMO cloud. Now the Index is above Tenkan Sen and Kijun Sen too. The weekly and monthly diagram are bullish but MACD is overbought on both of them.
So the first think in mind for Monday is...
