Technicals - Shanghai Composite index - sell signal generated

Angela Mangan

QMG Pty Ltd

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 Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.


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