Technical analysis of these 3 regional stock indices very bearish
When monthly price charts of the three regional stock market indices namely Nikkei 225, Hang Seng Index and Straits Times Index are put together, there are common elements:
The height of these stock market indices were printed in 2007 so they did not recover from the great financial crisis that is associated with the US sub-prime, collapse of Lehman Brothers and the AIG bailout.
Until all three indices beat their own 2007 high, they are all retracing the 2008 – 2009 down trend.
Soh Tiong Hum is a forex trader, investor and co-founder of TerraSeeds Market Technician Pte Ltd. He is father of 2, business owner, webmaster, writer and speaker, seo amateur and webmaster.
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