Short term bottom should have been reached. The issue is that the rally today appears to be a mix of relief rally due to oversold conditions with short squeeze. Once the short sellers reset their positions, the shorting could continue. In addition, the "cause" of the rally is attributed to China supportive policy for economy and foreign listing. Foreign listingso far appears to not be in line with us sec statement. Things could turn back again with us sec stating that the delisting issues is still unresolved.
Have Chinese stocks already bottomed?
Chinese stocks saw robust gains recently... Have they already bottomed? Share your views to win coins!
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