Ian15

Even more room for China?

Long
TVC:SHCOMP   None
SHCOMP has played out fantastically well to the 3200 target as planned today(look at previous idea) with about a 6% rally in 4 days. Buyers came out very aggressively over the past few days and I was expecting some profit taking with buyers losing strength last trading session. However, we are yet again seeing some very favourable price action with buyers defying all odds to breach the 3200 resistance lvl. As such we can revise our target to 3300 where some profit taking can happen...
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.