SSE update

Afternoon traders,

On my last post on the Shanghai Stock Exchange (SSE), I identified the index coming out of an inverted head and shoulders. The SSE retraced about 4% before closing at 2977 on Friday. I am still keeping the bullish pattern on my chart, and will be staying with my target of above 3100. I have just found an upward parallel channel that is working with the inverted head and shoulders. With this second bullish pattern, I am doubly sure of my bullish stance on the SSE. Price level should above 3000 in the next week. Let us see how this goes.

 

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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