TAIWAN WEIGHTED INDEX

Taiwan still needs to prove itself. However, sooner or later breakout from this long-term chart pattern will present tremendous opportunity. 24 year-long sideways consolidation might be close to completion. Breakout should be powerful and preferably once confirmed this market shouldn’t look back. There are two more resistance levels that I will be following and these are 9,700 and 10,350 levels. Taiwan is an emerging market that must be on your watch list.