The lackluster demand for Asian dollar bonds (ADB) is likely to recover as investors who shunned weaker quality notes during the turbulent final quarter of 2018 now see them as too cheap to ignore. This indicates investors will take money out of SCI and invest into ADB junk bonds
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...
The index fell below the breakout pattern and retested the lower TL and held. To add more downside exposure if you see the rally.
=> 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.
Shangai Composite Index is moving bearish. More falls are expected.
We should look at the development in China stock market. When many people are still in denial stage, we have hit our first TP. It is due for a decent continuous sell down. For now, it may rebound back up to 13,221 level but it shall go down a lot further. I am looking for short only at this moment. Trade Safe s0nic Disclaimer: The information contained 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?
- Multi supply zone and weekly bearish wedge - Price needa breakout here or it looks pretty bearish in longer term
Shagnhai Composite: sooner or later will breakdown here
-rejected at trendline again and same megaphone pattern acting as resistance - 3400-3500 is strong resistance zone
Now China's Golden holiday is over but we still have CCP congress, it is to start from 18 Oct. It is gonna be THE event of the year as china will be having their own version of game of thrones. All the Chinese markets shall go sideways (or) bullish mode for now. What I am interested is what comes after that. I am seeing that 11,800 level can be easily...
The minimum target is the previous major low at 1665. The risk is above the peak within the Bear Flag at 3305.