Bullish Channel On Hangseng
27 January 2012 08:22:05 WIB
HANGSENG
The movement of Hangseng index looks in bullish channel which there is a chance index will strengthen up. Technically, the stochastic indicator is in potentially bearish condition. Any breach of lower line will likely to bring correction and move towards support at 20142. Conversely, if resistance 20503 penetrated that index possible rising up and move towards the next resistance at 20845.
NIKKEI
The movement of Nikkei index is in sideways condition. Technically, the stochastic indicator is in oversold condition which there is a chance index will strengthen up. Any breach of resistance at 8905 possible to bring index will move up towards resistance at 8945-8974. Conversely, if index weaken and penetrated support at 8815 that there will likely price will move down towards support at 8767.
