taiex by the price movement has formed right angled ascending broadening wedge pattern. taiex has a chance to move upside and reach the gap area 16.300
by the price movement, TAIEX is moving bearish trend. the momentum indicator is pointing up near oversold. this indicates that TAIEX has a chance of chasing harmonic resistance area will be around 13.650 - 13.980
by the price movement, Taiex is moving no trend. we foresee that Taiex has the potentianl to chase the classis resistance area. the momentum indicator is pointing up near the oversold area. the indicates that taiex has a chance to chase the target resistance 15,475 and support area will be around 14,397
2313
Support 47.25
Resistance 51.10
Rejection dynamic support
Bullish Flag pattern
Momentum indicator is pointing up near the oversold area
2313 will meet its classic resistance area at around 51.10
targer pattern 56.75
