After analysing the stock market trends of Dow Jones, Nasdaq and S&P indices. US market seems to be in the sideway market. But how about Asian markets? Where will it move and how’s the stock market trends here. Hong Kong and Singapore are two of the important stock markets here in Asia. I shall be looking at them here.
Singapore Straits Time Index Stock Market Trends
Singapore’s Straits Time Index (STI) key resistance is near the 1,918 and there seems to have 2 support levels that I am looking at. First level support is 1,714 and second level support is near 1,476. 2002 low level is 1,206 level.
So, it looks to me at first instant that STI is also trading in a sideway market between 1,714 and 1.918 because STI is re-testing the 1,714 level the 2nd times. As long as this 1,714 level is not broken, there is also a potential that this is a higher low to start the up trend.
Meanwhile, I shall observe the movement of STI in the coming week to better knowing the trend of STI.
Singapore Strait Time Index Stock Market Trends
Hong Kong Hang Seng Index Stock Market Trends
Hong Kong’s Hang Seng Index (HSI) key resistance is near the 15,980 and support level is 10,957. 2002 low level is 8,356 level.
At first glance on the Hong Kong Hang Seng index, it is still trading at a very wide interval of support and resistance. If HSI is indeed also in a sideway market likes other major markets, So, I tends to believe that the volatile market in Hong Kong is going to continue.
So, please be careful if you are trading in the Hong Kong markets.
Hong Kong Hang Seng Stock Market Trends
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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