Get Bullish On China Now Analysis of SSE Composite Index in Sept 2010
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Get Bullish On China Now Analysis of SSE Composite Index in Sept 2010
First See the technical chart of Index
Current Price : 2681.46
SSE Composite index is undergoing period of low volatility near 100 days moving average .This Normally means that Index is Consolidating and gearing up of Bigger Move.Also the Bollinger Bands are very Tight.
Its RSI has just inched above 50 which is a bullish Sign
Analysis:
Get Bullish At Current market price and expect a Move upto 2900.
Keep a Stop loss of? 2530 on closing basis
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