Regional was shaky but managed to recover on late buying activities, except China –3%. Strong Europe help to neutralize “China’s factor”
Everyday suffers from profit-take syndrome but still a positive week, maybe better luck next week. A very quiet week....mostly range bound within 80-90, toppish but resilient. At least it still stays at the upper range, surviving Wed’s negative outlook. Buy on strength at opening next week – above 86 or 90.
With prices in and out of 7SMA, use 14SMA (yellow line) instead to get sell signal or below 1170. But it looks like a breakout higher mkt.
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