In this Strategy monthly KD values determines if Taiwan weighted Index relatively is high or low. MACD will help decide upturn or downturn trend.
TWSE:4927 4H trend chart Long: 1)Vegas tunnel_144/169 had a support 2)Price rally Fib(0.382) support level 3) Breaks out downtrend line 4) Breaks out 12ema Profit Targets: a) 74.2-----Fib(1) b) 79.8~82.1-----Fib(1.272~1.382) Stop losses: a) 64.9-----previous lows
TWSE:6756 4H trend chart There is an obvious Cup and Handle 9/17 Handle Downtrend breakout Next challenge: 530~540_above downtrend and Fib(1) Hold firm above 540 is better. So if breaks above resistance and hold steady, trading plan as below: Profit Targets: a) 587~606-----Fib(1.272~1.382) b) 712-----Fib(2) Stop losses: a) 454-----Fib(0.5)
TAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well...
After the government made many statements about "most consecutive trading days for the index to stay above 10,000", Taiwan stock market had a biggest slump of all time to go down more than 6.3% (7.3% for the futures) today. To take this 0050 ETF as an example (composed of top 50 Taiwan stocks), it had so many potential trades to take on the train of slump! Of...