Long
Bold prediction for China equity in 2020 and beyond - SHCOMP
Now that SHCOMP has broken out of the bearish channel, we can expect the price action to first continue charging towards the resistance at 3008.837. If this level is taken out, then the next target would be 3120.222.
I am bullish on the China equity market in the long term so any correction would be a good opportunity to scoop up at cheaper price.
Please note that if this breakout turns out to be a fake breakout, ie. price action retreats with a bearish red candle or gap down (highly unlikely), then the buy option ceased.
I am bullish on the China equity market in the long term so any correction would be a good opportunity to scoop up at cheaper price.
Please note that if this breakout turns out to be a fake breakout, ie. price action retreats with a bearish red candle or gap down (highly unlikely), then the buy option ceased.
Note
Praise Lord. It went up 1.53% yesterday
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.