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 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...
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