Chinese stock market support levels are near

2016년 1월 26일

Here is a optimistic view of the market. There are many potential prices this market could soon bounce off for some time or even bottom on - ideally the oil price also reaches a bottom around the same time.

Support levels:

• 2949
  
• 2912
  
• 2888
  
• 2849
  
• 2806
  

Interestingly the RSI with period 20 has right now a value of exactly 50.05, which also means a neutral trend. Current monthly price as shown by Tradingview is 3075 points.

Conclusion: If the Chinese stock market stays above 2800 points there is a potential bottom and the market is a buy. But if it falls even below 2800 points it could fall much lower. In that case I'm going to a new analysis.

P.S. A log-scaled daily chart



these support levels had influence in 2007 and 2008

2016년 3월 1일

노트

With only one day counted into the new month calculation (close of March 1st, 2016) - the month of March is now starting to look bullish for China:

2016년 3월 22일

노트

One month later. Bespoke Investment Group writes in their blog:

"Even China is Rallying!" (March 21, 2016)
bespokepremium.com/think-big-blog/even-china-is-rallying/