China's large-cap has been in a healthy weekly uptrend since spring of 2024 and it's still holding up the uptrend, but the mid-term is currently in heavy distribution, we need more time for it to balance and bottom out before the uptrend continues. Watch for SMA50 to hold the support during the test.
Note
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
Moreover, I've been doing technical analysis for quite some time, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always make your own choices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.