Back to TECHNICALS, you know, the topic of this thread...
Anyone else keeping an eye on Chinese RE stocks which are also top holdings in REMX?
SSE:603799, SSE:600111, HKEX:1772, SSE:600392 and SSE:600549...
These are on average up 8% over the past week and 26% in the last month. I dare say Chinese mainland stocks are in a better position to judge on the ground fundamentals and the outlook for supply / demand... check their charts out. Look to breaking to the upside.
I think the Western listed under performance is just an unwinding of retail exuberance and speculation. They seem to push up low quality in the good times and stocks like Lynas get swept up when it unwinds.
If the Chinese stocks keep rallying I expect we're not too far from the low.
DYOR / my own view
Technical, page-1254
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Last
$7.78 |
Change
-0.070(0.89%) |
Mkt cap ! $7.309B | |||
| Open | High | Low | Value | Volume |
| $7.99 | $7.99 | $7.78 | $12.91M | 1.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 34313 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.79 | 8241 | 18 |
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| LYC (ASX) Chart |