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Technical Analysis: MSCI Taiwan : recovery of the bullish dynamics

TAIWAN 3

The MSCI TAIWAN Index replicates the performance of securities listed on the Taiwan Stock Exchange and the Gre Tai Stock Market (Taiwan OTC market). The Index shows in the medium-term, a strong bullish  trend evidenced by an ascending channel. The orientationof the 100-day moving average and the registration of increasingly higher tops and bottoms confirm the direction of movement....


Day By Day – Indipendent Research

07032011 1


 

Close price 311,5

2 months Opinion BULLISH
2 weeks Opinion POSITIVE

Resistances 329,6 / 337,5 pts
Supports 307,4 / 303 pts

Anticipation  :
The Index is testing the major support at 303 points. This threshold is very significant. It corresponds to the peak of late 2009, the lower threshold of the channel and the 100-day moving average.The bullish divergence in the stochastic indicator has also strengthened it. The trend can resume towards the peaks.
We are positive in the short-term, and considering a rallying towards the resistance at 337.50 points, with an intermediate target of 329.60 points.


Traker’s Name Leverage Expense ratio
CS ETF (IE) on MSCI Taiwan x1 0,65%
db x-trackers MSCI TAIWAN TRN INDEX ETF x1 0,65%
EasyETF TSEC Taiwan (EUR) x1 0,60%
iShares MSCI Taiwan x1 0,74%
Lyxor ETF Taiwan x1 0,65%

* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.

 


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Source: ETFWorld – Day By Day – Indipendent Research

 

 

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