SSEC ? Strong support found (bullish)
HSI ? More upside potential (bullish)
KLCI ? Heading higher in the coming week (bullish)
STI ? Still range bounded in the coming week (bearish)
Shanghai Stock Exchange Composite (SSEC) ? Strong support found
More upside in the coming week: SSEC could be heading higher in the coming week after staging a strong rebound off its 10-month uptrend line.
Indicators show signs of a turnaround:With the RSI showing signs of a strong rebound and the MACD histogram showing a bullish divergence to the price action, this could mean further upside momentum for the index in the coming week.
Hang Seng Index (HSI) ? More upside potential
Signs of rebounding at key support:With the index showing signs of rebounding strongly at the 6-month uptrend line on heavy volume, this could mean further upside potential in the days ahead.
Technical indicators more bullish now:With the RSI rebounding for the 2nd time at the 40% mark and the MACD indicator turning around positively at the center line last week, they seem to suggest more upside momentum ahead.
Straits Times Index (STI) ? Still range bounded in the coming week
No clear direction yet: The index could carry on to trade range bounded in the coming week between the 2521 and 2700 levels. Until a break out occurs at either levels, the medium term direction could still be unclear.
Technical indicators more bearish:With both the RSI and MACD indicators still trending down, these suggest that the momentum is still more downside biased.
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