Sunday 14 March 2010

Hang Seng Index Market Outlook 14-03-2010

The HSI has continue to be strong last week, staying above 21000 point.

3 Months Daily Chart
The beginning of a short term uptrend is forming. 21500 points is a very likely to be reach in 1-2 weeks time. Continue to be bullish.

1 Year Weekly Chart
HSI has stay above both 13 and 30 week EMA. The direction of both EMA are going sideways. The market had continue to recover from the previous correction.

Overall I am bullish on both short and long term.

Article by
Trading Room
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