March 12, 2016
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SSE Changes Direction; Divergence
Last month, we saw divergence; we expected index may change direction. Picture worth a thousand words, the true the index moved sideway.
Currently, the index is below moving average. What do you expect for the next few months? Only the index goes above moving average, the trend will be still bearish.
March 11, 2016 China Shanghai Stock Exchange Composite Index Twelve Months Data
MACD Divergence
SSE Composite Index was down from the start of 2016, and SSE Composite has retested the same low. Can this be a dead cat bounce? Those whom have lost are try to recover. Trade with your eyes open.
From a MACD Divergence stands point the price has started to show strength. Manage your risk, those whom has lost may want to recover and buy up at this point.
Moses Stocks Analysis and Scan
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