Monthly Archives: May 2025
Chart the Market (05/05/2025)
Written on May 9, 2025 at 1:40 am, by
Hang Seng Index: The Hang Seng Index is trading higher and approaching a critical resistance zone. The MACD shows strengthening bullish momentum, while the RSI stands at 57, indicating a tilt toward bullish bias as it continues to stay above the midline. From a technical pattern perspective, there’s potential for a double top formation. ToContinue Reading
Chart the Market (05/05/2025)
Written on May 9, 2025 at 1:40 am, by
NASDAQ, Daily The Nasdaq index is trading higher, extending its rebound from the strong support level at 17,105.00, driven in part by renewed trade optimism. The index is currently testing a critical resistance level at 20,255.00. Technically, MACD indicates growing bullish momentum, while the RSI is at 59, suggesting the bullish bias may continue asContinue Reading
Chart the Market (29/04/25)
Written on May 9, 2025 at 1:39 am, by
Crude Oil Oil prices have staged a mild rebound following the heavy sell-off earlier in April, but the recovery remains fragile. Prices failed to breach the 0.618 Fibonacci retracement level, a key resistance zone, and have since formed a head-and-shoulders pattern, typically a bearish reversal signal, reinforcing the view that oil remains locked in aContinue Reading
