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Data:2009-12-12 2:34
â–?Daryl Guppy
CCI Hang Seng Index, or red-chip index, late in February reflected the Shanghai index's decline. Red-chip Hang Seng Index has not experienced as early February in early February on the Shanghai Composite Index continued to fall like that. This shows that red-chip Hang Seng Index is not entirely reflect the Shanghai index's activities. Red-chip Hang Seng Index showed a weak trend in the strength, the trend of recovery also was weaker than the Shanghai index.
Red-chip Hang Seng index of the main features of the chart is the trend line. It defines began in June 2006 a significant upward trend. It provides support for an upward trend. In the March 1, after breaking the trend, the trend line changed its role as a resistance. This red-chip Hang Seng Index in the next few weeks, the potential increase in the establishment of stronger constraints.
Guppy Multiple Moving Average relationship has confirmed the rapid run to the 3650 index points or more are less likely. Show trader's short-term group of averages, the formation of shrinkage, and turned on, this situation is now with the Shanghai Composite Index, driven bull market. Guppy Multiple Moving Average long-term group showed that investors are also supported by an upward trend. Such support has not been test.
When the market turned back up, and use Guppy Multiple Moving Average group as a long-term support level, the new strength of the upward trend has been confirmed. The recent increase, have not yet experienced a rebound rise and fall behavior of the test, the new trend had not yet been confirmed.
Red-chip Hang Seng Index fell in February for the formation of a broad consolidation zone. Consolidation with a lower edge at 3130 points. Edge is a narrow, from 3370 points to 3450 points, bringing the definition of resistance. If the current rise is to develop a stronger trend of breaking patterns, we must break through the resistance of the narrow band. However, the trend line will lead to further resistance.
These are all important resistance barrier. Trading activity is likely to be limited to 3130 points to 3450 points from the consolidation zone. Read more The result is a breakthrough to consolidation with a 3450 index points or more. Breakthrough within the next two weeks will be successful are more likely to break above the trend line. This is the Quote of the most bullish results. Unable to break through to the trend line above indicates that the rising trend will be relatively slow, and require a longer time, the trend line has been strong resistance.
Relative Strength Index effective delivery of the red-chip Hang Seng Index rising trend of departure from the collapse of the early warning signals. At present, the relative strength index for the current rally does not provide deviate from the trend of the signal. This shows that the rebound is temporary, the upward trend in the new firm is established, the index may also be another retracement to the support level.
