This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The S&P/ASX 200 Index (STI) Daily Diagram Technical Analysis Training shows the following:
The ASX200 index has made a correction decline and then (last week) it reacted on EMA 100. Last week it crossed EMA 50. ASX 200 is on a bull market because EMA 50 is above EMA 100 that is above EMA 200. The EMA 50 crossed EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too.
MACD is ready to give a bull sign above the zero line. RSI=56.
Next target is the 1.618 of fib @ 5701. Long for it. Stop loss under the EMA 50.
The S&P/ASX 200 Index (STI) Daily Diagram Technical Analysis Training shows the following:
The ASX200 index has made a correction decline and then (last week) it reacted on EMA 100. Last week it crossed EMA 50. ASX 200 is on a bull market because EMA 50 is above EMA 100 that is above EMA 200. The EMA 50 crossed EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too.
MACD is ready to give a bull sign above the zero line. RSI=56.
Next target is the 1.618 of fib @ 5701. Long for it. Stop loss under the EMA 50.
