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China Stock Analysis Benchmark Dow | AmiBrokerAcademy.com

January 10, 2016

 

Stock Analysis – China Stock Analysis

China Economy Benchmark – Shanghai SSE Composite Index

After reaches the peak at end November last year, the index start to tumble down. Breakout below a resistance turn support. But the index come back to retest the major level again but fail to breakout. But just at the start of the new year, 2017 everything turns up. SSEC breakout the key level. Can this be a trap? Will see.

Benchmark SSEC to Dow, Dow Jones Industrial Average, we see the similar moves, except SSEC is in a large scale like zoom in. …

After November last year, SSEC has change the direction and forms the lower high and lower low after the peak.

Watch out, the breakout, the high is higher than the recent high.

January 9, 2017 Shanghai SE Composite Index Daily

January 9, 2017 Shanghai SE Composite Index Daily

Shanghai SSE Composite Index and Reversal

 

January 9, 2017 Shanghai SE Composite Index Reversal

January 9, 2017 Shanghai SE Composite Index Reversal

Dow Jones Industrial Average – Leading Indicator to global economy and markets

January 9, 2017 Dow Jones Industrial Average Daily

January 9, 2017 Dow Jones Industrial Average Daily

 

 

Moses Stock Desk

AmiBrokerAcademy.com

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