Morning Report Feb 24, 2025

NASDAQ (Price Feb 21, 2025: 19524)

Buy

NASDAQ shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. A head and shoulders formation is, however, under development. A decisive break of the support at 19294, ideally with an increase in volume, signals a further fall. The index is between support at points 18800 and resistance at points 20000. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Singapore - Straits Times (Price Feb 21, 2025: 3925.52)

Buy

Singapore - Straits Times is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3500 points. The index is assessed as technically positive for the medium long term.
Extended analysis

Sydney (Price Feb 21, 2025: 8756.70)

Buy

Investors have paid higher prices over time to buy Sydney and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is testing support at points 8750. This could give a positive reaction, but a downward breakthrough of points 8750 means a negative signal. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Feb 21, 2025: 25483)

Watch

Toronto is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index is testing resistance at points 25700. This could give a negative reaction, but an upward breakthrough of points 25700 means a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis

Shanghai Composite (Price Feb 21, 2025: 3324.49)

Watch

Shanghai Composite is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index has support at points 3160 and resistance at points 3470. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

NYSE Composite (Price Feb 21, 2025: 20130)

Watch

Investors have paid higher prices over time to buy NYSE Composite and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is testing resistance at points 20300. This could give a negative reaction, but an upward breakthrough of points 20300 means a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis

Nifty 50 (Price Feb 21, 2025: 22796)

Watch

Nifty 50 has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. A head and shoulders formation is under development. A decisive break of the support at 22779, ideally with an increase in volume, signals a further fall. The index has support at points 22000 and resistance at points 25000. The index is overall assessed as technically neutral for the medium long term.
Extended analysis