cheungngo

Hang Seng Index Too Much for this rally - Ichimoku and other ind

Short
HSI:HSI   Hang Seng Index
Shorter term:
1. RSI overbought
2. MACD bearish reversal for shorter and middle term
3. KDJ overbought, bearish reversal for shorter term

Ichimoku for this rally:
1. conversion line up-crossing the base line well below the cloud
2. candle up-crossing the conversion line below the cloud, and the baseline in the middle of the cloud
3. relatively small candle breaking up the cloud with half immersed; cloud rather thin
4. magnetic effect from the currently flat baseline

Bullish Ichimoku signs:
5. Lagging span well above the price 26 days ago
6. Both spans for the cloud going upwards

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