VAIBS1991's Blog

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HKG33

TOOLS USED: ICHIMOKU, TREND, PRICE ACTION EMA CROSSOVER, LONGER TERM SUPPORT RESISTANCE
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
MONTHLY CHART:


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A look at Hong Kong Index.

HKG.IDX had a nightmarish start to the 2016 when it plunged nearly 20% in couple of days. After there has been no looking back for HKG.IDX. If we consider major world indices performance from February 2016 onwards it easily one of the best performing index worldwide. It had risen nearly 35% from February low of 18000 to its yearly high touched in September of 24400.
Of late there has been coming selling pressure on HKG.IDX in large volumes. Donald Trumps election to the White house has give rise…
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ak10 avatar
ak10 15 Nov

helpful analysis

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Predicting HKG.IDX

There has been a rally of more than 30% in HKG.IDX from February 2016 lows. After touching the high of 24400 in September 2016 HKG.IDX has been trading sideways with a recent break on the down side.
I am expecting the HKG.IDX to hold on to the gains made this year with a correction of may be 3-4 % more. So my price target is 22200 for 1st December 2016.
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