Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
The weekly chart for Nissan shows a powerful trend recovery and a strong rebound from newly created support areas. Is the rebound sustainable or is Nissan merely a 'leaf' blowing in the winds of turmoil facing the auto sector? Let's see what the charts say.
Companies like McDonald's have proved resilient during the recession, with many believing it would benefit as people adjusted eating habits in response to falling wages and looming unemployment. As the fastfood giant gets ready to unleash quarterly earnings Thursday, will its golden arches lend support to the stock's performance?
Markets don't develop in isolation, neither do they develop in unison. In any related group, there's usually a leader, and a laggard. These inter-market relationships provide good trading opportunities because one index will lead the way in behavior and development. Alert traders watch the leader, then look for a duplication of this behavior in other associated markets.
Weaker-than-expected U.S. housing data lifted gold prices from a seven-week low, but charts suggest that investors shouldn't get too excited.
Oil has managed a rebound in the past three weeks. Technical analysis suggests a consolidation is under way, but a firm uptrend isn't in place yet.
New stimulus from the BOJ boosted the dollar-yen in the final quarter of 2014, but as upward momentum wans, charts suggest a test is at hand.
The Shanghai composite one of the worst-performing stock indexes, but charts suggest strong support of the uptrend.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.