China: Back to the Grind (SHORT)China:
Morgan Stanley scenario:
Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists.
China’s GDP could slow drastically, averaging 2% growth in 2023.
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Shangai Ent. - as predicted, more than 20% gains alreadyShangai Enterprises index followed the path predicted on our post of April 5 and reached more than 20% of gains since then. We should see a mild correction before the index reach the end of this wave C up at around 2,365 to 2,731. If prices crosses down 1,935, this analysis should be reviewed. FOLLO
Shangai Enterprises - tracing intermediate C upAs predicted in our April 5 post, Shangai Enterprises is tracing intermediate wave C of primary D of a contracting triangle. Next target is minute wave iii at the most probable level of around 2,093. If the index crosses down 1,832, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Shangai Compositive Index - opportunity for returns ahead000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. F
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Displays a symbol's price movements over previous years to identify recurring trends.