Technical Analysis: MSCI EM Asia index: towards March 2012 highs


Technical Commentary: The MSCI EM Asia index replicates the performance of the Asian large and medium cap market. …… 

Day By Day – Indipendent Research

This index has evolved in a  bullish trend since a reversed head-an-shoulder pattern was triggered at the end of 2011. Such a reversal pattern generally  allows a sustainable movement to unfold. The medium-term trend is bullish


Anticipation :

In the shorter term, prices are also evolving in a bullish dynamic, alternating acceleration and consolidation phases. The latest  consolidation phase has been contained by the 369.50 points support, corresponding to the 38% retracement ratio of the last  bullish impulse. This solid level should allow the trend to resume towards the 387 points resistance – March 2012 highs.

The 100-day moving average (ascending) is nearby and confirms our anticipation.
We are short-term bullish and we set the invalidation threshold of this scenario slightly below the 369.50 points support, which  breach would generate a deeper correction towards the 360.40 points support.

Close price 378,65

2 months Opinion BULLISH
2 weeks Opinion POSITIVE

Resistances 387 / 396,3 pts
Supports 369,5 / 364,4 pts

Follow-up Analysys:On November 19th, we recommended the  purchase of the FTSE MIB index. Since  then, prices bounced as expected, and are  now heading towards our 15810 points  target.


This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext®, trackers®, are registered marks of NYSE Euronext.

Source: ETFWorld – Day By Day – Indipendent Research





Artículos similares

Technical Analysis: Stoxx Europe 600 Real Estate index : Clearing of the 2011 highs


Technical Analysis: Stoxx Europe 600 Insurance index: bullish breakout of the triangle


Technical Analysis: FTSE MIB index: Consolidation towards the major support