Thursday, February 10, 2011

China SHCOMP Daily Chart Shows It Could Retest The UTL Support, 10-02-2011

China's 25-basis point rate hike. This is Beijing’s 3rd rates hike since October. Technically, SHCOMP is poised for more downside retracement on the back of weakening RSI and MACD indicators, as below shown.

China SHCOMP Daily Chart Shows It Could Retest The UTL(Up-Trend-Line) Support.
CHINA SHCOMP 10-02-2011

Source: WSJ.com

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