Is it a copy paste?Looks like the trendline breakout is similar to the one in the past back in 2013.
This is a weekly chart and could take some weeks to play out but I see a huge breakout anytime soon within a month or two.
Next target 4500?
China index short: breakdown of trend line The words in the charts are Chinese characters because I've used the screenshot of the chart to provide my view to Chinese investors. Essentially, this means chart shows a strong wave 1 up, then now we should be going into a C wave of Wave 2.
Shanghai Composite Index (SSE) To Hit 6,124 First, Then 8,660SSE had a rally from 2005 to 2007 establishing the all-time high of CNY 6,124.
After that, the price had built a weird corrective structure with ups and downs fading in magnitude over a very long period of time.
It took 17 years to complete the giant contracting triangle (white ABCDE marks).
The p
Shangai Stock Exchange Technical CorrectionAfter rose so high, SSE Index will fall soon or at least revert back to its previous trend.
Who Gets Rich in China's Market Rally?On September 24th, China announced an unprecedented fiscal stimulus, aiming to rescue its ailing economy. As soon as the news got out, China’s stock market staged a huge rally. The Shanghai Stock Exchange (SSE) index moved from below 2,800 on September 24th to close at 3,336.5 on September 30th, up
Shanghai Stock Exchange - MACRO OUTLOOK DANGER!!SSE Composite Index
Macro timeframe has just confirmed a bearish trend incoming.
Expiry set for October 2026 with macro targets of $2,000 - $1,700.
Short term we may take the lows of $2,600's followed by a dead cat bounce toward $3,000's and macro bearish structure will remain the same. Macro
Shanghai Composite. 'Arctic Fox' leaps on Shanghai street cornerReal estate has made China rich in recent years and decades. Now it looks more like radioactive kryptonite from the DC Comics universe - the birthplace of Superman.
Three months earlier, China's house prices fell 0.4% in a month, according to official statistics released in November 2023, the ste
The case for investing in ChinaThe case for investing in China
I have had discussions on this platform about my investments in China, the overwhelming response I get is negative. In this article I would like to try and provide an objective, data focused case to invest in China. In a soon coming article I will look at the opposi
The Looming Chinese Bond Market BubbleThe Chinese bond market is showing signs of a bubble, with rapid declines in bond yields and aggressive government interventions. Despite these warnings, some investors remain bullish due to a lack of alternatives. A potential burst could lead to significant financial instability, economic slowdown,
Bull Breakout SetupHere's the predicted path for a bullish long term breakout of this downtrend resistance line.
On the fundamental side recent economic moves seem to suggest China is willing to do more to support the markets, first with interest rate cuts.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
SSE COMPOSITE INDEX is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy SSE COMPOSITE INDEX futures or funds or invest in its components.