From the given charts, by using three moving averages ( red-50 EMA, yellow-100 EMA, and green-150 EMA), we can see that DJI price stays above all of MAs while the JKSE and HSI price look struggled and stays between their 50 to 150 MAs. these might explain why both HSI and JKSE price look like they are not moving anywhere since they move sideways between 50 to 150 MAs (low volatility).
For these two indices, it's better to wait for them to move and close above their respective 50 EMA before they can continue their uptrend move.
the reason for this is because all three of these indices are all above their 200 EMA which means they are on long term bullish which can be seen from the chart below.
so it is only plausible for the traders only to look for buying opportunity once its break above its 50 EMA (mid-term uptrend).
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
For these two indices, it's better to wait for them to move and close above their respective 50 EMA before they can continue their uptrend move.
the reason for this is because all three of these indices are all above their 200 EMA which means they are on long term bullish which can be seen from the chart below.
so it is only plausible for the traders only to look for buying opportunity once its break above its 50 EMA (mid-term uptrend).
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
Comment:
let's wait patiently until it crosses above ma50.
Comment:
JKSE left wayyy behindd, lets see today... it would be nice if its green over 1 %
