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Taiwan Weighted Stock Index Daily (17.08.2014) EMA Analysis

INDEX:TWII   Taiwan Weighted Index
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This week we will see the EMA (50,100,200) and MACD , RSI for various diagrams.
The Taiwan Weighted Stock Index ( TWII             ) Daily Diagram Technical Analysis Training shows the following:

The TWII             index has made a correction decline from 2.618 of fib for three weeks before it reacted on EMA 100 last week. The index is on a bull market because the EMA 50 is above the EMA 100 & EMA 100 is above the EMA 200.

MACD is trying to give a bullish sign. RSI is neutral.

Stay aside. Long above the EMA 50 for a retest of the 2.618 level of fib. Short under the EMA 100 for EMA 200.
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