UK economy is strong, its stock market follows the up channel so far. Following the Hi-Lo of the cycle can definitely make a return.
Now, FTSE may not turn downward as the cycle project, because of the stimulus and lowering of interest rate from ECB. This will push capital into UK market where the economy gives more confidence to investors.
So, it is time to monitor if it will rally further to break the upper bound of this channel. If not, than lets guess another cycle is on. (for this pure technical view).
Tuesday, 10 June 2014
1928 is near to the time to buy again
1928 Sands
$50 stock price will be a support level to 1928.
Its downtrend is going to meet the Fibonacci 38.2% retreat level at around $50.8.
If 1928 can success to hold on above this level, than it will be able to move up again. Currently, it has break down on the BB channel (Blue color lines), so, its chance to rebound is increasing.
Big firms are pushing it down by scale down their profit growth in this year. But the casino business is still "best" business with very high ROE and all-cash-in business among all listed in Hong Kong. It is not the time to short this industry yet.
Tactic: wait now, see if 1928 can stand on above $50, then buy in.
$50 stock price will be a support level to 1928.
Its downtrend is going to meet the Fibonacci 38.2% retreat level at around $50.8.
If 1928 can success to hold on above this level, than it will be able to move up again. Currently, it has break down on the BB channel (Blue color lines), so, its chance to rebound is increasing.
Big firms are pushing it down by scale down their profit growth in this year. But the casino business is still "best" business with very high ROE and all-cash-in business among all listed in Hong Kong. It is not the time to short this industry yet.
Tactic: wait now, see if 1928 can stand on above $50, then buy in.
Pound Sterling trend
It is still in its uptrend channel. UK pound is going to strong with its economy being top with Germany in Europe.
Buy if below 1.68
Buy if below 1.68
Sunday, 1 June 2014
美股新高分析
S&P500指數週五以新高收, 市場是一面倒的看好美股. 各方分析年初至今的回調/下跌都一一未有實現. 是要延後幾週? 幾月?
用S&P500週線圖, 以Fibonacci數字來看, 1,923是2007年高位及2009年低位爆上1.382處. 再看日線圖比較上升通道,將會穿上1924之上少許再回調亦可能.
如果個市發威,就會挑戰2000! Fibonacci的支持位係 2032。 到2000就無理由不回頭。
用S&P500週線圖, 以Fibonacci數字來看, 1,923是2007年高位及2009年低位爆上1.382處. 再看日線圖比較上升通道,將會穿上1924之上少許再回調亦可能.
如果個市發威,就會挑戰2000! Fibonacci的支持位係 2032。 到2000就無理由不回頭。
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