Nifty50 is tracing the initial stages of primary wave 5 up and it is now developing minute wave iii up. This move should elevate its price to the most probable target of 12,640 with a more than 20% gain. If price crosses below 8,790 this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
As predicted in our post of April 6, STI finished a primary degree bullish triangle and is now trending up. It seems to have finished wave ii and entering wave iii up. The most probable target is at the 3,240 level, which would total 27% of gains in around 2-month period. We may revise this analysis if prices cross down 2,480. FOLLOW SKYLINEPRO TO GET UPDATES.
As predicted in our April 6 post, HSI reached minute wave i and as minute wave ii has completed, new possibility of gains are available at minute wave iii with the most probable first target at 28,284. If the index crosses below 22,500, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. FOLLOW SKYLINEPRO TO GET UPDATES.
VWO is finishing a leading diagonal first wave out of the the contracting triangle as forecasted in the April 5 post. It should continue its positive trend ahead with minor corrections on the way. The possible end of minute wave v of minor 1 should be at around 39. After this minor 2 wave should retrace to around 35 before the up trend continues. If prices crosses...
Given recent newsflow I wanted to look into Hang Seng HK equities index - feels like that the zone just below 22,000 is critical long term - a break below would be extremely bearish. Together with the general reliance on what is a rigged real estate market I think it is one of the most fragile indices out there.
Simple chart, simple Fibonacci, simple target to the downside for the Fibonacci target. MACD is support of the downdraft. Apparently Trump is going to have a release on US actions, and surely will be returned with China’s response. Trigger for downside there...
STI finished a primary degree contracting triangle pattern that should initiate a long path upward from here. It seems to be tracing a 5 wave move up that will form a minor wave 1 pattern. Currently we should be beginning a minute impulse wave 3, the strongest of the impulse waves that should deliver from 14 to 24% returns up to the next 10-15 days. Price-to-book...
HSI has recently finished primary wave 2 down and its now tracing the beginning phase of a long primary wave 3 up. The current wave countindicates we are in a minute wave 3 up that should most probably elevate prices up to 1 to 1.618 of wave 1. This means 7 to 10% in the next 15 days. FOLLOW SKYLINEPRO TO GET UPDATES.
IBB reached the target we forecasted on May 6 and at this stage it should have completed primary wave 5. It should now start a correction that can take it to new lows. The alternative scenario would be that we would see a minor correction to around 115 before trend to new highs. However, in both cases prices should follow the path to at least arounf the most...
NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500) Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which...
Keppel REIT a property owner of prime office buildings in Singapore seems to be tracing a minute wave c up that should push prices to 1.07, the most probable target. If prices go below 0.875 which is the low of minute wave b, this scenario should be void and chance are that minor wave 4 has already finished and wave 5 down is on the way. Keep tuned. Follow...
Keppel REIT, a prime office REIT from Singapore seems to have finished the minor for correction up. If it doesn't cross the 0.99 mark, the path ahead should be in direction to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
The Future of Food (Wholesale Foods) is very important on Earth! The price of food today is about 7 to 10x what it use to be in the middle of this past 20th century (1972ish). Just before the the beginning of the 1990's there was a sudden "wholesale foods" boom. The value of "wholesale" food companies like Costco doubled after one time around the sun and then...
NikkeI index has shown indication that it had finished primary wave 4 and it's beginning primary 5 up, which is a nice impulse wave to be in. Primary wave 5 should push the index to levels higher than the previous primary wave 3 during the next couple of years. In the short-term, NikkeI is beginning minute wave 3 up in a good point of entry. An alternative...
In our previous post of April 5, we anticipated a rebound in NI225 after the completion of primary wave 4 that would led to a steady growth ahead. Since then the index increased more than 7% and the odds increased that intermediate wave 1 is under way up. The index completed minor wave 2 and it is now tracing the longest and strongest wave of this degree. The next...
HSREIT is a Hong Kong REIT index and it seems to have finished cycle wave 4, as its stocks counterpart HSI. It had already traced minor wave 1 up and it is in the first wave of minor 3 up. It could also be tracing a triangle of primary degree. In both cases the trend is up and we should continue to see mid-term growth in the index. FOLLOW SKYLINEPRO TO GET UPDATES.
The Hong Kong REIT that owns prime office buildings in Beijing seems to be tracing a minor wave C up. If in the next session prices surpass the current level which is the same as previous wave A, chances are that it could reach its most probable target at 4.46. This scenario would be void if prices crosses below the low of previous minor waver B. FOLLOW SKYLINEPRO...