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Friday, 14 October 2016
China 300 Index: 14 October 2016, Friday, 2.30pm Singapore Time
China 300 Index:
14 October 2016, Friday, 2.30pm Singapore Time
Attached above is the technicals of China 300 Index, reflecting the financial market conditions in China. China has been consolidating bullishly for the entire 2016. The bullish accumulation is with strong intention to rally. The ascending triangle (bullish in nature) has also previously achieved a breakup at the golden ratio point. The stock market in China is currently camping for a powerful super rally in 4Q-2016 and 2017 amidst all the gloom and doom worldwide. Markets in China and Hong Kong are all making the resistances become new supports to serve as a base for rally launches. Stock markets worldwide are preparing for a propulsion to the upside in 2017. I am adding some more buys for China Markets.
Majority of the herd are anticipating a bear market now and see no reason for markets to go up. They are mostly expecting a recession. Hence, we will not only have a rally in 2017 amidst all the gloom and doom, we will have a SUPER RALLY. This will make a lot of hearts crumble because financial markets will cause the herd to be wrong again having successfully made them believe with conviction that there is no reason to rally but plenty of reason for recession. Come 2017, a lot of economic data will surprise greatly to the upside.
DNA Technical Rating:
【Worldwide stock markets to have synchronized super rally in 2H-2016 and 2017.】