Weekly Wrap

For the week, SSE and HSI are green, with gain of 2.8% and 0.8% respectively. STI lost 1.1% to close at 3300. Other major indexes weekly performance as in below table.

HSI reclaimed 24000 this week, closed at 24103 points. The index has been consolidating for last 12 weeks. I'm bullish bias on HK as long it stays above 23605(YEC).

 SSE continue looks bullish on weekly basis, with immediate resistance level 3450 just overhead. It expected to consolidate withing a narrow range before take off.

 STI 2nd week decline. Major resistance at 3365(YEC).