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Thursday, February 4, 2010

Too soon to call China and Hong Kong into bear market?

China SSE Shanghai stock index A-Share is crawing back to 200DMA. So maybe it is too soon to call a bear market if China could held above 200DMA. Likewise for Hong Kong, the Hang Seng Index has a volatile trend ahead. Although trading could be choppy in the near term, led mainly by the volatile global market, its technical readings are showing sighs of improving.

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