China: Morgan Stanley scenario: Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists. China’s GDP could slow drastically, averaging 2% growth in 2023. More than 11 million people could lose their jobs, likely sending the...
Shangai Enterprises index followed the path predicted on our post of April 5 and reached more than 20% of gains since then. We should see a mild correction before the index reach the end of this wave C up at around 2,365 to 2,731. If prices crosses down 1,935, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
The index reached the target aligned with our forecast post of June 1st. We may see a small correction, before the index continues its uptrend path. FOLLOW SKYLINEPRO TO GET UPDATES.
As predicted in our April 5 post, Shangai Enterprises is tracing intermediate wave C of primary D of a contracting triangle. Next target is minute wave iii at the most probable level of around 2,093. If the index crosses down 1,832, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. FOLLOW SKYLINEPRO TO GET UPDATES.