Smart Review

Nikkei Stay On The Consolidation Phase

22 February 2012 08:40:19 WIB

Nikkei

 

Nikkei indices move in limited range at yesterday trading session. Technically Nikkei index movement on the hourly chart still n the consolidation phase around 9436 up to 9489. If the support at 9436 broken, Nikkei potential bearish aiming the next support at 9393 until 9349. But if the resistance at 9489 penetrate, Nikkei potential bullish aiming the resistance at 9575.

Hangseng

 

Hangseng index on the hourly chart is being tested the bullish trendline as the support at 21231. Technically if the trendline area breaks potential trigger the bearish acceleration aiming the support at 21105 until 20950. On the contrary be alert a rebound to 21509 if the bearish trendline holds.

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