tradecap
Short

China A Share Overbought

INDEX:XGY0   Shanghai Class A Index
22 0 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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