In a heart-stopping financial spectacle, China Tianrui Group Cement Co., ( GETTEX:T18 ) a once-prominent Chinese cement producer, experienced a dizzying descent on the trading floor, with its market value plummeting by a staggering 99% within a mere 15 minutes. The sudden free fall, akin to a financial earthquake, left investors reeling and analysts scrambling...
The China A50 index (CN50) is giving us excellent return on our bullish position since our last post (December 21 2023, see chart below), even though it hasn't reached the 13000 Target:
It is time to take profits on this amazing rally as the index has hit and got rejected twice already on the 1W MA50 (blue trend-line). This is a sign of weak momentum and as...
The China A50 index reached today the LH trendline of the August 1st top and turned neutral on the 1D technical outlook (RSI = 50.831, MACD = -120.000, ADX = 25.828). The 1D MACD Bullish Cross that was just formed on such a low level, makes the third time this year but we need further confirmation to buy for an extension as the March 23rd Bullish Cross failed to...
