China Market is undergoing correction as can be seen from the chart. It is forming lower highs and lower lows and forming a tunnel sloping downwards with 50MA and 20MA pointing down.
This is not surprising as China is facing high inflation and the government has to do something to tame the inflation. More measures to slow bank lending and probably raising interest rates are possible.
It seems that the SSE will be ranging from 2300 to 3200 for the rest of the year.
No comments:
Post a Comment