Sunday, July 6, 2014

Weekly Market Reivew K200

K200 closed at 260.63 on Friday, 4-Jul-2014, gained 1.85 (0.71%) over the last 5 trading days.

It seems that K200 short-term downtrend has stopped.  It is resuming its uptrend.  It had a higher high this week.  We might see it breaking another previous high before we get the higher low.

Looking at bigger picture, it is a nice retracement before K200 resumes its uptrend.  Using Fibonacci Extension, we could see K200 moving towards 267.50.

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