tradecap

China A Share Overbought

Short
INDEX:000002   SSE A SHARE INDEX
0
China A share
* Weekly chart: already very overbought.
* Daily chart: negative divergence
* Catalyst: stock connect with HK, long term positive. But lack of inflow (lots of unused quota) on second day proves that even in the presence of stock connect it's not necessarily a one way street in the short-term
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