The value of the above company’s shares is trading with an increasing bearish bias between the supportive zone it established at 27234-26822 and a resistance level 30711. My expectation is a decline to the zone I have mentioned above followed by a rejection within it to pick long positions with my take profit at 30711 and stop loss at 25378. If #NIKKEI is not sustained above the zone 27234-26822 but instead it clearly breaks below it with a big red candle, wait for a correction to the just broken zone and a rejection within before you pick short positions with your take profit at the supportive level 21959 and stop loss at 28422.
#HSI retraced to the resistance zone 25784-25998 but could not break above it, instead, it bounced within the zone and for several weeks now it has been trading with an increasing bearish bias towards the supportive level 21626. This week, I expect the value of this company’s shares to decline further towards the level 21626 followed by a possible clear breach below it and in case it does penetrate below the same level with a big red candle, I expect a further momentum towards the lower supportive level 18064. As it is on the weekly chart above, i can only recommend bullish positions above the zone 25784-25998.
Remain short with your take profit at 21626.
#IBEX35 retraced to the supportive zone it established at 8115.3-8000.9 but could not break below it and as long as it is contained above the some I expect bullish movements towards 9595.8. Since it bounced within the zone I have mentioned above, the value of this company’s shares has been rising steadily and this week I expect it to ascend further. If you are currently holding long positions I would advise that you remain in the trade with your take profit at 9595.8 and stop loss at 7442.4. In case of a clear rise above the level 9595.8 with a big green candle, I expect #IBEX35 to rally further upwards towards 10682.8.
Remain long with your take profit at 9595.8.