Shanghai Composite: Parabolic Rise Of Last Year Undone In 2 Months
Petros Steriotis on INVESTING.com: Content from http://www.investing.com Please read the Disclaimer!
Petros Steriotis on INVESTING.com: Content from http://www.investing.com Please read the Disclaimer!
Buyers will start taking the upper hand again as 50% of the Shanghai Composite parabolic rise of last one year has been undone in just 2 months. SSEC (weekly) Chart: http://www.Investing.com Petros Steriotis
Click the following link to read my article on INVESTING.com: http://www.investing.com/analysis/shanghai-composite:-retreated-from-its-6-year-high-238996 Content provided to and re-published from http://www.INVESTING.com Please read the Disclaimer!
The Chinese benchmark index has retreated from its 6 year high as profit taking prevailed after 6 consecutive months of gains leading to a 50% rise. Shanghai Composite, monthly candles: Chart courtesy of Investing.com. http://investing.com Please read the Disclaimer!
Click the following link to read my article on INVESTING.com: http://www.investing.com/analysis/eem-outlook:-market-reversal-ahead-231013 Content provided to and re-published from http://www.INVESTING.com Please read the Disclaimer!
The Emerging Markets ETF (EEM) had a second upweek in a row after a long time, getting above its 200-day MA again, which is very positive. A close above 43,50 may signal the start of the market reversal. EEM ETF, daily chart Chart courtesy of http://www.stockcharts.com Among individual emerging market indices, China’s Shanghai Composite and […]