Morning Report Mar 3, 2025

NASDAQ (Price Feb 28, 2025: 18847)

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NASDAQ has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index gave a negative signal from the double top formation by the break down through the support at 19044. Further fall to 18021 or lower is signaled. The index is testing support at points 18600. This could give a positive reaction, but a downward breakthrough of points 18600 means a negative signal. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Feb 28, 2025: 22977)

Buy

Hong Kong - Hang Seng 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. The index has broken a resistance level and given a positive signal for the long-term trading range. The index is testing resistance at points 23000. This could give a negative reaction, but an upward breakthrough of points 23000 means a positive signal. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Hong Kong - Hang Seng. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Singapore - Straits Times (Price Feb 28, 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 28, 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, with high volume on days of rising prices and low volume on days of falling prices, strengthens the index in the short term. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Feb 28, 2025: 3324.49)

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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, which may be because of fundamental news. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

NYSE Composite (Price Feb 28, 2025: 20130)

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NYSE Composite 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 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