Taiwan Weighted Stock Index Daily (13.Sep.2014) Tech. AnalysisThe Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has cut downwards the KUMO. Now the Index in under the KUMO, under the Tenkan Sen and Kijun Sen too. The weekly diagram is bearish.
So the first think in mind is the case of a further decline under the KUMO. MACD and RSI are bearish.
There is no special candlestick pattern except the red (bearish) full candlestick There is no special general pattern.
Short for EMA 200. Stop loss above the KUMO.
TWII
Taiwan Weighted Stock Index Daily (30.08.2014)Technical AnalysisThe 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.
Taiwan Weighted Stock Index Daily (17.08.2014) EMA AnalysisThis 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.
Taiwan Weighted Stock Index Daily (13.07.2014)Technical AnalysisThe Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a long development from January 2014 above the KUMO cloud. Now the Index is above Tenkan Sen and Kijun Sen too. The weekly and monthly diagram are bullish but MACD is overbought on both of them.
So the first think in mind for Monday is the case of a correction to the Tenkan Sen first in accordance with the green support lines. MACD is marginally on sell sign (?) and RSI lower from overbought levels.
We have a bearish engulfing candlestick pattern. The index is above the KUMO, Tenkan Sen & Kijun Sen too.
There is no special pattern.
So I think that the TWII will decline towards to Kijun Sen (blue line) first.
Taiwan Weighted Stock Index Daily (29.06.2014) Technical AnalysiThe Taiwan Weighted Stock Index (TWII) Daily Diagram Technical Analysis Training shows the following:
The TWII index has made a long development from January 2014 above the KUMO cloud. Now the Index is above Tenkan Sen and Kijun Sen too. The weekly and monthly diagram are bullish but MACD is overbought on both of them.
So the first think in mind for Monday is the case of a correction to the Tenkan Sen first in accordance with the red resistance lines. MACD is on sell sign and RSI lower from overbought levels.
We have no special candlestick pattern. The index is above the KUMO, Tenkan Sen & Kijun Sen too.
There is no special pattern. The fib from 8096 to 8446.53 (projection) shows resistance at current level 3.618 of fib (9364.20).
So I think that the TWII will decline towards to Kijun Sen (blue line) first.