Since the all time highs in 2007 the Shanghai Composite has not recovered those levels failing on successive Lower Highs. This has created a Triangle pattern on the Monthly chart with Higher Lows. We can't be sure which trend line has to be followed to mark the new Higher Low as both have valid grounds. In any case, the index is approaching its long term technical ...
Guys, This is for China's Stock Indices
The Shanghai Composite has hit AB=CD level 2550 and also the orgin of the 2015's bullish move
It's good to buy China Stocks and hold until 3000 and 3450
China 300 ETF : (A share code: 510310 )
Or maybe you can consider some Related products in Hong Kong Exchange.
After 3 years of adjustment so that a shares become the most investment value of the market, the current ABC three waves have been completed, and the C wave of 4 near the end, the next will be C5 wave, bear market is about to pass, investors should start to be ready to build a stock pool, choose those overshoot of the target, in the next 2 months positive layout.
1. I have stressed that China as a developing country needs to be in your portfolio!
2. Chinese stocks have been off the radar for a long time, and now it is the time to accumulate. PE ratios are very low, and entry points are very attractive at these price levels.
3. The housing market in China has been on a non stop rally, but I am out of the housing market ...
Shanghai Composite - Bottoming?
If you have been one of my long-term followers, you know I haven't been a great fan of the Chinese Shanghai Composite Index for quite a few years now.
As I was reviewing my charts and counts, I got to think about this long-term alternate count, which I think has a lot of appeal to it, as well as it's a valid count. Contrary to ...
Shanghai Composite is being traded in descending wedge. Also Bullish Divergence on RSI. Will see what happens soon. Smart Money thinks its better to be invested in Chinese Markets then US.... Also its been down almost 50% from the highs in 2015. And never got close to 2008 highs. Our Market turned in to a hyper bubble doubling the 2008 bubble...
The Shanghai index set a new low this year bottomed out at 2443.00 last Monday. Where price has surged nicely last week, ending the week with 5.5% gain. Now price has been trading just underneath key resistance for just a day now. With US election coming out bullish for the US market, the only major concern now in the global market is trade war.