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Asia pacific stock markets weekly predictions (11 to 15 June 2012)

Asia pacific stock markets weekly predictions

ASX 200 30 period trend channel chart

Asia pacific stock markets weekly predictions

ASX 200 weekly pivot point levels

 

S2

S1

PIVOT

R1

R2

3980

4020

4070

4110

4160

 

 

 

ASX 200 weekly forecast and technical analysis

ASX in this week recovered from lows and from lows we seen 140 points rally.for next week momentum remain to be bullish above 4070 only for targets 4110 and 4160.for month june this index remain to be bearish from medium term view till it not cross 4185 on closing basis.on above 30 days channel chart,ASX got fresh breakout!!ASX 200 just closed above 5 DMA and short and medium term signals on buy side and long term still sell!!

 

 

 

*NIKKEI 30 period trend channel chart:-

nikkei 30 day channel chart june 2012

* NIKKEI weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

8275

8365

8510

8600

8745

 

 

 

 

 

 

* NIKKEI weekly forecast and technical analysis:-

Nikkei index looks weak as compared to other Asian peers.this week closed flat after making highs of 8647 while week low was 8279.for next week here our view is on sell side as we getting signal from chart.so stay short for target 8365 and 8275 with strict stoploss of 8510 on closing basis.and for month as we given below 8840 remain to be sell for target 8125 and 7735.Nikkei once gain slide below 5 DMA and on chart medium and long term signals shows sell!!

*HANGSENG 30 period trend channel chart:-

hangseng 30 day channel chart june 2012

* HANGSENG  weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

17980

18275

18670

18960

19350

 

 

 

* HANGSENG  weekly forecast and technical analysis:-

HANGSENG in this week recovered almost 800 points from lows.on chart looks still weak so buying should be done above 18,700 only as in last session closed below it.while below 18,700 stay short for target 18,2750 and below and in on Monday closes above 18,700 then short should be converted into long for target 19,000+ in next week.closed below 5 DMA and medium and long term signals still on sell side.on trend channel chart at breakout point and next mover should be watched!!

*SSE 30 period trend channel chart:-

SSE 30 day channel chart june 2012

* SSE weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

2240

2275

2325

2360

2410

 

 

 

 

 

 

* SSE weekly forecast and technical analysis:-

Chinese shanghai index tumbled on weak economy and growth perspective.we seen clear cut breakdown from 2350 levels and now index once again heading towards previous lows of 2135!!in this week almost lost 80 points and for next week stay or hold shorts with stoploss of 2330 for targets of 2275 and below.

 

*SGX 30 period trend channel chart:-

SGX 30 day channel chart june 2012

* SGX weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

2695

2725

2768

2800

2845

 

 

 

 

 

 

* SGX weekly forecast and technical analysis:-

SGX closed flat to negative in week at 2735.for next week momentum is bearish below 2768 and targets are 2725 to 2695.while closing above 2768 will be reverse sentiment!!on trend channel chart month trend is still down and lower levels expected while on indicators side closed below 5 DMA and all time frames signals are on sell side.

 

*KOSPI 30 period trend channel chart:-

KOSPI 30 day channel chart june 2012

* KOSPI weekly pivot point levels:-

 

S2

S1

PIVOT

R1

R2

1795

1815

1832

1852

1875

 

 

 

* KOSPI weekly forecast and technical analysis:-

KOSPI looks better as compared to SGX and SSE,this index in this week almost recovered by 80 points from lows.closed at 1835 after making high of 1854.for next week we may see fresh breakout above trend channel and levels of 1855 to 1875 should be expected as target while 1830 will remain stoploss on closing basis.trading above 5 DMA and short and medium term signals are of buying!!

 

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