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Momentumstrategy

REVIEW $TAIEXBearish Fundamental - $Taiex bigcap are mostly semi-con whereby most are over-valued during the pandemic - Now that demand are declining, there will be a surplus of supply > demand and looking at the coming recession / stagflation in the US. Taiwan being US semi-con partner. It will not go well with the GDP TA - Broke of major upward trend losing momentum - Form a rising wedge and broke down - Divergence in momentum theory indicator - Price did a rebound and unable to clear 0.5 fibo goes to show that this down trend is pretty strong Love Taiwan But will see a big decline in their economy in the coming 2-3 years. It will show in the country GDP as a big part of their economy depends on Semi-con
TWSE:IX0001
by nexxtrade