InvestingScope

TAIEX: Structured long term buy opportunity on Taiwan stocks.

Long
INDEX:TAIEX   TSEC WEIGHTED INDEX
The Taiwan stock market is trading on a very standard long term 1M Channel Up which is currently neutral close to its median ( RSI = 50.364). We see a very reliable buy signal pattern. Each Golden Cross (MA50 over MA200) has a distance of roughly 950 days from the Death Cross (opposite). The Death Cross comes to signal the end (or approaching) of the cycle's bottom. Based on that sequence we have calculated that to be around the end of July/ August 2019. We will be going long on TAIEX then with TP = 11,100 (1W Resistance).





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