Sunday, May 10, 2015

Indices short term support and resistance


Australia
Daily DT, Weekly UT

More in favour to short if weekly chart turn to DT.  Strategy for now, prefer to trade short term in and out or stay out
Potential resistance around 5,760 and 5,840
Potential support around 5,680, 5,500 and 5,320

Japan
UT. 
Had tested various support on Thu (7 May) and closed with a small +ROC (closed price > open price).  On Fri (8 May), broke LHF and Diff RL 

Potential resistance around 19,770 and 20,360
Potential support around 19,130 and 18,870

Hong Kong
UT. 
Broke down symmetrical triangle on Thu (7 May) but recovered and closed within symmetrical triangle on Fri (8 May). 
Potential resistance around 27,970 and 28,210
Potential support around 27,055, 26,690, 25,580 and 25,200

Hong Kong China H-Shares
UT.
Broke down symmetrical triangle on Tue (5 May) but recovered and closed within symmetrical triangle on Fri (8 May).
Potential resistance around 14,500
Potential support around 13,030 and 12,415

UK
UT.
Broke Trend support and rebounded closed at DH on Thu (7 May).  On Fri (8 May), broke lhf and Diff RL.  Tested the resistance 7,045, retraced and closed below resistance.
Potential resistance around 7,075 and 7,100
Potential support around 6,945 and 6,895

Germany
UT.
Tested Diff SL on Thu (7 May) and rebounded on Fri (8 May) broke lhf
Potential resistance around 11,750, 11,990 and 12,235
Potential support around 11,280, 10,930 and 10,570

Singapore
UT.  Broke lhf on Fri (8 May)
Potential resistance around 3,485 and 3,510
Potential support around 3,425 and 3,390

India
Daily DT, Weekly UT
Formed an outside day on weekly chart and closed above 50MA.  Tested Trend channel support on Thu (7 May) and rebounded on Fri (8 May) broke lhf.
More in favour to short if weekly chart turn to DT. 
Strategy for now, prefer to trade short term in and out or stay out
Potential resistance around 8,340, 8,435 and 8,635
Potential support around 8,000 and 7,820


I don't trade all the index I posted here, I do selective to trade
Value are indicative and may varies from other service platform

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