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Sunday, November 16, 2014

Weekly Wrap

For the week, Shanghai and Hongseng indexes gained the most, buoyant by the announcement Shanghai-Hongkong Connect will be kicked start on coming Mon, Nov 17, finally. SSE hit multi-year high this week at 2508.623, crossed 2500 level for the first time since Nov 2011. The weekly candlestick looks bullish, all ready for coming strong move.

HSI on the other hand, may test 25000 level again in coming weeks.

The US three indexes continued up marginally.

STI gained 29 points closed at 3315 for the week. Have held well above 3300 mark so far. The weekly candlestick looks bullish. It may rebound further with immediate target at 3350.


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