Saturday, July 4, 2020

Shanghai Stock Index - breakout out of 3 years downtrend.

China stock market awakening? Price action shows initial sign of a trend breaking out of its nearly 3 years downtrend and a nascent peak is emerging. It looks promising with an impressive volume. It is a possible sign that the institutions which have been underweight China stock market may be starting to make a comeback. Watch for signs of confirmation in the coming days.

All posts and charts are for educational and illustration purposes only

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