Hang Seng exchange closed higher and above mid Bollinger Band = Bullish.
Bollinger Band width expanding = Bullish still room for upside untill upper Bollinger Band.
MACD histrogram continue to rise = Buyer in control of the market. A golden cross would be ideal to the up run to sustain further. At close Hang Seng Futures is also doing premium of 61 point compare to its cash market. Now DJIA futures also up by 84 points. Good news for FKLI long position.
Thursday, October 8, 2009
Monday, October 5, 2009
Hang Seng Futures closed @ 20396, only 33pts discount compare to Hang Seng Cash Market.