The Australian ASX is at an interesting juncture. Once of the first markets to recover from the initial credit crisis in 07, buoyed by its rich mineral base and exports to China. Interest rates are ticking up down under. And their cricket team is in transition. Strong resistance at current levels, which if broken through suggest a bullish move higher. There is support at 4,300. A decisive break below that level will activate a downside target of 2,900. Will resolve very soon.
We could have a potential flag formation here to the downside but it can be seen that the ASX need only close above 4,650 to activate the upside target.
The Hang Seng has recovered well. The last column of X's created a double top buy signal but note the recent resistance at and around these levels. Is this index topping?
Indonesia, not a market I follow but one which has now pretty much recovered its post credit crisis lows. Recent price action is bullish but note the horizontal resistance line from the last multi year high. No obvious downside targets at this time.