Today's interesting charts
Comment of the Day

May 23 2013

Commentary by Eoin Treacy

Today's interesting charts

particularly during times of market stress, price action cuts through the noise.

Eoin Treacy's view Singapore – pulled back sharply today suggesting an unwind of the short-term overbought condition is underway. However a sustained move below the 200-day MA would be required to question medium-term scope for additional upside.

Hong Kong Hang Seng – is in the process of forming a large downside weekly key reversal and will need to find support above 21,500 if the medium-term uptrend is to continue to be given the benefit of the doubt.

India – encountered resistance in the region of its previous peaks and will need to find support above or in the region of the 200-day MA if medium-term potential for a successful upward break is to remain credible.

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