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Technicals on China

Technical trading is forcasting the direction of prices by studying past market data, primarly price and volume.

Here is an article that is applying this technique on the Shanghai Composite Index .

Doesn’t look good……

LINK TO FULL ARTICLE

 

Oh, and in case you’re curious or a compliance officer, the Shanghai Composite Index is an index of all stocks (A and B Shares) that are traded at the Shanghai Stock Exchange. It is merely being used as a proxy for the stock makret and cannot be invested in directly.

 

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