Monday, April 20, 2015

Shanghai on path to Retest 6000 ???

Shanghai Composite Index has risen a whopping 28%    from well below 3400   when we predicted a breakout in March to   4350  at present. The Synchronized  Bullish Alignment pattern  formed on Triple Trend Oscillator  (TTO) correctly predicted the rapid rise in the Chinese indices and the best performing market in the near term.


http://eqtrend.blogspot.com/2015/03/a-new-bull-in-china.html

Though Shanghai has risen  28 %,  as seen from the following weekly chart, TTO has formed pattern similar to the one that was formed during 2006-2007 indicating that the Chinese bull run is likely to continue for sometime and the Shanghai Composite is likely to test the previous high of 6000 in the medium term.

Shanghai Weekly Chart