Quite a run since February. One of the most volatile world indies though with a volatility percentage of 1.91 percent while the most volatile index is Iceland's 2.54 percent and the global average of .96. Trade deal headlines really influence Chinese equities. Inspires me to stay away.
3117 and 3136 remains short-term support over the next week while 2794 and 2829 could be support. Fib retracements could also be pivot points as they have been in the past.
The chart of China DYF says it all. Parabolic growth after parabolic growth. Reminds you of something?
Time to short China/Chinese stocks.. The $SHCOMP monthly log chart is running up into some critical resistance. GL!
SSE Composite index (China monthly chart). Price will rise.
The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is...
HSI has dropped down significantly since my idea published in June predicting price drop to 24000 (see below). It is now likely to drop in a last leg down. Note that it may move up to 28000 before moving down. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk. ...
Shanghai composite breaking out of its 12 months downtrend channel with a bullish divergence.
The Shanghai Composite reflects the real situation that we are facing up. The S&P 500 completely out of mind in that perspective. Are we approaching a reversal movement in both indexes? Indeed, one of them has a lot of chances rather than the other. Which one is willing to turn over first? Learn how to beat the market as Professional Trader with an ex-insider!...
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...
=> Market turmoil is creating its own negative feedback loops for China driving further tightening financial conditions that will last and have further effects on the economic growth in the region. => It seems unlikely to open the floodgates to a recession so far however further trade tensions between the US and China will add to fragility. => Targets in Chinese...
SHCOMP broke out of falling wedge and is bouncing of severe support. Will expect it to go back up to test long term pennant resistance.
13th September 08:28 Bst Shanghai Composite Index SHCOMP A Technically Perfect Bounce This was meant to bounce from the the big double bottom set-up at the 2639 line. In the event it fell to 2647 before bouncing about 1% or so. However this index is so far still stuck below the upper parallel of the original downwave and is therefore not out of the woods...
Index going back up to upper trend. RSI divergence and strong support. Scale in
SHA stock index is getting closer to our estimated bottom entry, according to our previous analysis on Feb 19. Have you got ready to buy?
This chart looks at rising levels of volatility in ETHUSD Rising volatility (blue line) relative to the March peak suggests Ethereum could have more room to fall against the dollar. Some near-term support around $250 could be tested if the fade in Cryptos continues. The recent move lower has been agitated by weakness in the XLK. However, the days ahead...
The minimum target is the previous major low at 1665. The risk is above the peak within the Bear Flag at 3305.