Taiwan Weighted Stock Index Daily (30.08.2014)Technical Analysis
The Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has reacted from the bottom of KUMO and breached the top. Now the Index has pulled back to the top of KUMO SPAN A and it is above Tenkan Sen and Kijun Sen too. The weekly diagram turning bullish again and the monthly diagram is bullish.
So the first think in mind for Monday is the case of a further decline into the KUMO and under the support line or not. MACD and RSI are bullish yet.
The Index now has stopped exactly on the KUMO so...
Long if the index is bullish on Monday (at close) otherwise short.
The TWII index has reacted from the bottom of KUMO and breached the top. Now the Index has pulled back to the top of KUMO SPAN A and it is above Tenkan Sen and Kijun Sen too. The weekly diagram turning bullish again and the monthly diagram is bullish.
So the first think in mind for Monday is the case of a further decline into the KUMO and under the support line or not. MACD and RSI are bullish yet.
The Index now has stopped exactly on the KUMO so...
Long if the index is bullish on Monday (at close) otherwise short.
