The market to watch this week is China. The SSEC has been caught in a large triangle now for two years. Short term it looks as though it might be forming a little head and shoulders bottom pattern but it is starting to get overbought. Nevertheless it is still encouraging as if this is a little reversal pattern, it could very well result in a topside break from the longer term triangle pattern.
monday monday, page-4
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Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |