Hang Seng IndexShort
Hang Seng Index Too Much for this rally - Ichimoku and other ind
Shorter term:
1. RSI overbought
2. MACD bearish reversal for shorter and middle term
3. KDJ overbought, bearish reversal for shorter term
Ichimoku for this rally:
1. conversion line up-crossing the base line well below the cloud
2. candle up-crossing the conversion line below the cloud, and the baseline in the middle of the cloud
3. relatively small candle breaking up the cloud with half immersed; cloud rather thin
4. magnetic effect from the currently flat baseline
Bullish Ichimoku signs:
5. Lagging span well above the price 26 days ago
6. Both spans for the cloud going upwards
1. RSI overbought
2. MACD bearish reversal for shorter and middle term
3. KDJ overbought, bearish reversal for shorter term
Ichimoku for this rally:
1. conversion line up-crossing the base line well below the cloud
2. candle up-crossing the conversion line below the cloud, and the baseline in the middle of the cloud
3. relatively small candle breaking up the cloud with half immersed; cloud rather thin
4. magnetic effect from the currently flat baseline
Bullish Ichimoku signs:
5. Lagging span well above the price 26 days ago
6. Both spans for the cloud going upwards
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