1 October 2016
Moving Average Rock
When price action below MA, price is bearish. When price action above MA, price is bullish.
MA is a great visual tool in charting. When fast ma ie 20 MA is below slow ma ie 50 MA, it is bearish. On the other hand, when 20 Ma is above 50 MA, it is bullish.
Picture worth a thousand words, ^HSI is above the MAs, the index is bullish. However, the last weeks, the index could not close above the high. Still bullish? Even it is bull, it is a weak bull. ^HSI is facing a pullback. Trade with care, manage your risk.
^HSI Hong Kong Hang Seng Index Charting and MACD
September 30, 2016 Hong Kong Hang Seng Index Weekly and MACD
HSI Closeup View
September 30, 2016 Hong Kong Hang Seng Closeup View
Have fun!
Moses Hong Kong Stock Analysis
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