SSEC once again failed to clear the major hurdle at 2955 (ref review dated 24th June) & got punished with a sever bear hammering in the last week.
The inlaid weekly chart clearly suggests a continuation in the down trend, till the falling parallel channel breaks upward; this week’s value of the upper trend line is near 2.8k.On the downside fall towards at least 2566, i.e. recent low looks imminent.August 11, 2008
Negative < 2800.Stop 2875(cl)...
SSEC (Shanghai) 2605
SSEC once again failed to clear the major hurdle at 2955 (ref review dated 24th June) & got punished with a sever bear hammering in the last week.
The inlaid weekly chart clearly suggests a continuation in the down trend, till the falling parallel channel breaks upward; this week’s value of the upper trend line is near 2.8k.On the downside fall towards at least 2566, i.e. recent low looks imminent.
SSEC once again failed to clear the major hurdle at 2955 (ref review dated 24th June) & got punished with a sever bear hammering in the last week.
The inlaid weekly chart clearly suggests a continuation in the down trend, till the falling parallel channel breaks upward; this week’s value of the upper trend line is near 2.8k.On the downside fall towards at least 2566, i.e. recent low looks imminent.
