Thanks for visiting AmiBrokerAcademy.com. What’s your strategy in 2016 if China economy slow down is affection the stock markets?
Change Direction; Divergence
Before 2016, the oil price start to fall. This is not within any analysis forecast, at least non have comment about it. However, from a technical analysis, everything are possible. Do not forget price of any financial instruments are not moving in a straight line manner. It is zigzag or more correct in a wave form.
Just a right at the start of 2016, first the tension continues to build up in Middle East. Next, China economy or manufacturing sector shows potential to shrink further. US stock market get influenced too.
Let see that update of the China Stock Market.
Picture Worth a Thousand Words
China leading the way!
The whole is blaming the China economy, the China stock markets!
February 24, 2016 China Stock Index, Shanghai Stock Exchange Composite Index
MACD Divergence
SSE Composite Index was down from the start of 2016, and February the index has changed the direction. Can this be a dead cat bounce? Sure, everything are possible. Trade with your eyes open.
From a MACD Divergence stands point the price has started to show strength. Manage your risk, those whom has lost may want to recover and buy up at this point.
Trade What you See
All setup may fail. Trade what you see.
Moses Stocks Analysis and Scan
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