Sunday, July 5, 2015

Indices short term support and resistance


Most of the indices are trading inside day of Mon after the gaped down (29 Jun).
Some of the indices had tested the channel support or trend line support worth to monitor.

Australia
Daily DT, Weekly Neutral. Peak at mid of Mar.
Gap down on Mon, tested channel support on Mon and Tue.  Resisted by trend line.  I may start to build up long pos when break lhf
Potential resistance around 5,617, 5,705, 5,735 and 5,845
Potential support around 5,528, 5,463 and 5,400

Japan
UT.  Peak at end of May.

Gap down on Mon, new diff formed and trade above Diff
Potential resistance around 20619, 20,900, 22,500^ and 23,900^
Potential support around 20,052, 19,883 and 19740
^Est figure using chart provided by Yahoo finance

Hong Kong
UT.  Peak at end of Apr.

Sell down on Mon, for the rest trading days of the week move within
Mon range.  Yet to cover the 2-8 Apr gap.  Current supported by 2 trend lines.
Potential resistance around 26,681, 27,262, 27,496 and 27,806
Potential support around 25,936, 25,571 and 25,193

Hong Kong China H-Shares

Daily DT, Weekly UT. Peak at end of May.
Sell down on Mon and covered 2-8 Apr gap, for the rest trading days of the week move within Mon range.
Potential resistance around 13,021, 13,595 and 14,047
Potential support around 12,404, 11,821 and 11,366

UK
Daily DT, Weekly Neutral. Peak at mid of Apr.
Gap down on Mon, new diff formed and trade within Mon range
Potential resistance around 6,661, 6,809 and 6,949
Potential support around 6,578, 6,429, 6,297 and 6,125

Germany
Daily DT, Weekly UT. Peak at mid of Apr.
Gap down on Mon and trade within Mon range
Potential resistance around 11,363, 11,589 and 11,774
Potential support around 10,930, 10,653 and 10,272

Singapore
Daily DT, Weekly UT. Peak at mid of Apr.
Gap down on Mon, tested trend line support and trade higher.
Resisted around 3,355 level.  I may start to build up long positions when break lhf
Potential resistance around 3,355 and 3,405
Potential support around 3,301, 3,263 and 3,216

India
Daily DT, Weekly UT. Peak at beginning of Mar.
Gap down on Mon and closed above DT Channel resistance on Wed onwards
DT Channel resistance will be the support if changing to UT
Potential resistance around 8,435, 8,578 and 8,705
Potential support around 8,435, 8,323 and 8,223

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