Tag: Shanghai Composite Index

Shanghai Composite Index threatens to complete a double top reversal with breakout below the neckline at 2250. Failure of support would offer a target of 2000*. Respect of the zero line by 63-day Twiggs Momentum warns of a continuing primary down-trend. Respect of support is less likely, but would indicate that a bottom is forming.

* Target calculation: 2250 – ( 2500 – 2250 ) = 2000

Hong Kong’s Hang Seng Index found medium-term support at 18000. A rally that respects resistance at 20000 would confirm the primary down-trend signaled by 63-day Twiggs Momentum below zero. Breach of primary support at 17500/18000 would offer a target of 16000*.

* Target calculation: 18 – ( 20 – 18 ) = 16

Hong Kong’s Hang Seng Index is consolidating above 18500 on the weekly chart.  Reversal of 13-week Twiggs Money Flow below zero warns of selling pressure, strengthening the bear signal from 63-day Twiggs Momentum. Breach of 18500 would test primary support at 17500 — and breach of 17500 would offer a target of 15000*. Recovery above 20000 remains unlikely but would warn of a bear trap.

* Target calculation: 17500 – ( 20000 – 17500 ) = 15000

Shanghai Composite Index is headed for a test of primary support at 2250; breach would offer a target of 2000*. Reversal of 63-day Twiggs Momentum below zero indicates continuation of the primary down-trend. Recovery above 2500 is unlikely but would signal a primary advance.

* Target calculation: 2250 – ( 2500 – 2250 ) = 2000

The Shanghai Composite Index is retreating from primary resistance at 2500. Reversal of 63-day Twiggs Momentum below zero warns of continuation of the primary down-trend. Recovery above 2500 is unlikely but would signal the start of a primary up-trend.

Hong Kong’s Hang Seng Index reversed below primary support at 20000 on the weekly chart. Fall of 63-day Twiggs Momentum below zero would strengthen the bear signal, offering an initial target of 17500.

China’s Shanghai Composite Index broke support at 2300, suggesting continuation of the primary down-trend. Failure of primary support at 2150 would confirm the signal, offering a target of 1800*. A 63-day Twiggs Momentum peak below zero indicates continuation of the primary down-trend.

* Target calculation: 2150 – ( 2500 – 2150 ) = 1800

Hong Kong’s Hang Seng Index, however, is correcting to test medium-term support at 20000. Recovery of 63-day Twiggs Momentum above zero indicates a primary up-trend. Respect of the rising trendline would confirm, offering an initial target of 23000*.

* Target calculation: 21500 + ( 21500 – 20000 ) = 23000

Hong Kong’s Hang Seng Index is retracing after a sharp bearish divergence on 21-day Twiggs Money Flow. The longer term 13-week indicator, however, suggests no more than a secondary correction. Breach of the rising trendline, however, would warn that the trend is losing momentum.

* Target calculation: 20000 + ( 20000 – 17500 ) = 22500

The Shanghai Composite Index is retracing to test support at 2300. Failure would indicate continuation of the primary down-trend, while respect would suggest that a base is forming. A further peak below zero on 63-day Twiggs Momentum would signal another decline.

* Target calculation: 2150 – ( 2500 – 2150 ) = 1800