Taiwan Weighted Stock Index Daily (17.08.2014) EMA Analysis
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a correction decline from 2.618 of fib for three weeks before it reacted on EMA 100 last week. The index is on a bull market because the EMA 50 is above the EMA 100 & EMA 100 is above the EMA 200.
MACD is trying to give a bullish sign. RSI is neutral.
Stay aside. Long above the EMA 50 for a retest of the 2.618 level of fib. Short under the EMA 100 for EMA 200.
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a correction decline from 2.618 of fib for three weeks before it reacted on EMA 100 last week. The index is on a bull market because the EMA 50 is above the EMA 100 & EMA 100 is above the EMA 200.
MACD is trying to give a bullish sign. RSI is neutral.
Stay aside. Long above the EMA 50 for a retest of the 2.618 level of fib. Short under the EMA 100 for EMA 200.
