Inflation? Recession? War? Covid? Are these the factors that causing the stock markets going south since the beginning of 2022?
Where is
the bottom?
Let’s look
at it from the technical analysis perspective.
Below are
the weekly charts of S&P500, HSI, CSI 300, and KLCI. All of them are exhibiting MACD divergence
trending. If the MACD does not make new
low and manage to pull upwards in the coming weeks, this will confirm the
divergence (please refer to previous articles for details, Read
more here). The market might stop
plunging and possibly move upwards.
Time to
wake up? Good luck, have fun!
Chart 1 S&P500
Weekly Chart
Chart 2 HSI Weekly Chart
Chart 3 CSI 300 Weekly Chart
Chart 4 KLCI Weekly Chart
Disclaimer: The above analysis does not imply any buy or sell recommendation. The author disclaims all liabilities arising from any use of the information contained in this article.
