Short term price action has formed higher highs and higher lows resulting in a breakout of the longer term downward channel,
This has been driven by recent gains off the lows of large cap stocks like Alibaba and JD. Com amongst others, may be beneficiaries if the index continues North.
Recent data out of China sounds more positive, Analysts have stopped predicting China’s economy is about to implode, quite something !
This has been driven by recent gains off the lows of large cap stocks like Alibaba and JD. Com amongst others, may be beneficiaries if the index continues North.
Recent data out of China sounds more positive, Analysts have stopped predicting China’s economy is about to implode, quite something !