Morning Report Mar 4, 2025

NASDAQ (Price Mar 3, 2025: 18350)

Sell

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 has broken down through support at points 18600. This predicts a further decline. In case of positive reactions, there will now be resistance at points 18600. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Mar 3, 2025: 22977)

Buy

Hong Kong - Hang Seng shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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

Sydney (Price Mar 3, 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. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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 strengthens the index in the short term. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Mar 3, 2025: 25483)

Watch

Toronto 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 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 Mar 3, 2025: 3324.49)

Watch

Shanghai Composite is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. 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 Mar 3, 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