Given that the Shanghair composite has risen some 120% last year and only dropping a mere 6% (after the rebound lately), what do you think of a likelihood of the stock going up?
Any traders will tell you that more has to come before it resume upwards.
The Chinese correction, IMO, has a further 15 to 30% to go before it resume.
So ask yourself, if that's the case, what will it do to the global market?
I believe ASX has at least another 5-10% drop before reaching support.
more china correction to come
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Last
$64.13 |
Change
-0.890(1.37%) |
Mkt cap ! $12.43B | |||
| Open | High | Low | Value | Volume |
| $64.33 | $64.43 | $63.62 | $20.34M | 317.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1044 | $63.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.14 | 844 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ASX (ASX) Chart |