Saturday, August 23, 2014

Weekly Market Reivew K200

K200 closed at 264.26 on Friday, 22-Aug-2014, lost 1.62 (0.61%) over the last 5 trading days.

While K200 seems not to move much during this week, it did has a big drop of 4.26 points on Thursday.  This result a spike in volatility which provide an opportunity of trade.

Looking at the bigger picture on daily chart, we now have a lower high on Wednesday.  Will we get a lower low?

Looking at the Weekly and Monthly chart, it is still a inside bar.  We need more data in the coming weeks to tell us where K200 is heading.

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