The China A50 index (CN50) completed yesterday a 1D Death Cross following a convincing rejection on the 1D MA200 (orange trend-line) and that should extend the Channel Down to a new Lower Low.
Technically it appears to far to be in good symmetry with the Falling Wedge's previous Bearish Leg, that found a temporary bottom after a -14.76% decline and rebounded to...
Alibaba's co-founder, Jack Ma, has emerged from the shadows to pen a morale-boosting memo to employees. This rare move comes after years of maintaining a low profile following a tumultuous clash with Chinese regulators. Ma's endorsement of Alibaba's sweeping restructuring efforts marks a significant moment for the tech giant, prompting a surge in shares and...
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SHCOMP has formed a Golden Cross on the 1D chart turning vastly overbought (RSI = 89.841, MACD = 105.710, ADX = 52.201). Last time that took place within the long-term Channel Up that started in January 2019, the market consolidated for a few days and delivered a last peak in a month. The MACD has entered into this red Resistance Zone of the 2019 consolidation, so...
