Previously, my chart reading on SSE was inconclusive as my chart was not updated properly. The Daily Chart is now showing a very bearish view for SSE. 1. Tenkan sen has cut Kijun sen on 13 August 2009 2. 2 days back, the price action has dipped below the kumo support Â at 2788 3. Leading… Continue reading Shanghai Stock Exchange (SSE) : Bearish indicators as of 20 August 2009
NOTE: Winston from InvestIdeas highlighted that my chart is outdated. Thanks. As of August 13, the support levels are no longer valid. SSE has break through the support. The SSE has a huge run up since March, and more so since July. From the Ichimoku Daily Chart, we can see that both the Tenkan sen… Continue reading Shanghai Stock Exchange (SSE) : Consolidation or Reversal?