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China Stock Market has been the talk of the town recently. As Shanghai Stock Exchange Composite has been on the descenting trend. The Authority had try intervention to stop the market falling to increase the traders confident.
See chart for details. Chart worth a thousand words.
Shanghai Stock Exchange Composite
The retracement for the index is closed to 2009 high. Is the resistance going to turn support? Will see. The price has retrace near 50 percent. See the chart with Fibonacci.
July 16, 2015 Shanghai Stock Exchange and 2008 Great Recession
Shanghai Stock Exchange Composite and Fibonacci
The index has retraced near 50%. See chart.
July 16, 2015 Shanghai Stock Exchange Composite and Fibonacci
Shanghai Stock Exchange Composite
Will the stocks stop falling. May be it will continue to travel south. The composite may get supported by the significant level; resistance turn support.
July 16, 2015 Shanghai Stock Exchange
Shanghai Stock Exchange Composite Since 1990
Chart worth a thousand words, you can see the composite is moving up on a level by level.
July 16, 2015 Shanghai Stock Exchange Composite since December 1990
You can read about other stock markets such as Singapore in this website.
Thanks for visiting the website.
Moses
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