Monthly Chart Analysis of Shanghai Composite Index
This is my simple monthly chart analysis of $SSE Composite Index (000001.SH)$.
Now the index price is moving around key support area and finding strong support there. The index is still bullish as long as the support area has not been broken which means global investors have confidence in China stimulus plans.
But If the index price continues to decline and break the critical support levels which means China stimulus plans will be failed and global investors have lost hope in China markets.
If you’re interested in Chinese stocks and looking for good timing to enter this market then it’s a good opportunity now as long as its key support area remains intact. I recommend China ETFs because it’s less risky compared to individual stocks such as $iShares MSCI China ETF (MCHI.US)$ , $Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR.US)$ and $iShares China Large-Cap ETF (FXI.US)$.
Just ignore this post if you hate Chinese stocks. It’s just my opinions and not investment advices.
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103713233 : Da A touched bottom and rebounded, officially opening the bull market.
102159783 103713233 : already lost
73574609 103713233 : In the wind and rain, 2800 is waiting for you.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")