Technicals - Shanghai Composite index - sell signal generated

Angela Mangan

The Shanghai Composite Index originally generated a technical buy signal at 2955 on 18/3/16. At that point the index technical outlook turned positive.

The index has now completed a technical top formation / closed below key support that originated in early 2016, which has generated a technical sell signal.

The index technicals have turned negative - the first technical trend change since March 2016.

The minimum downside technical target is located at 2970 - the minimum expectation for a pullback.

Angela Mangan

Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...


No areas of expertise

China shanghai composite Asian Equities


Please sign in to comment on this wire.