d.vezeris
Short

Taiwan Weighted Stock Index Daily (29.06.2014) Technical Analysi

INDEX:TWII   Taiwan Weighted Index
68 0 0
The Taiwan Weighted Stock Index ( TWII             ) Daily Diagram Technical Analysis Training shows the following:

The TWII             index has made a long development from January 2014 above the KUMO cloud. Now the Index is above Tenkan Sen and Kijun Sen too. The weekly and monthly diagram are bullish but MACD is overbought on both of them.

So the first think in mind for Monday is the case of a correction to the Tenkan Sen first in accordance with the red resistance lines. MACD is on sell sign and RSI lower from overbought levels.

We have no special candlestick pattern. The index is above the KUMO, Tenkan Sen & Kijun Sen too.

There is no special pattern. The fib from 8096 to 8446.53 (projection) shows resistance at current level 3.618 of fib (9364.20).

So I think that the TWII             will decline towards to Kijun Sen (blue line) first.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out