Have Chinese Stocks Bottomed, Technically?
@muiee:
Broader MarketsLet’s look at the Technicals to see what the Markets tell us or ‘market generated information’ based on price actions, rather than inferring how news and events would affect the stocks and Markets.Starting with the broader Markets, using $S&P 500(.SPX)$ as the proxy, we can see on the weekly chart, the long green candle engulfing two previous weeks of red arrows to upside (bullish) and breaking the downtrend channel from January 2022. If there is follow through, and price stays green and out of the downtrend channel for the next 1-2 weeks, we would be more confident to say trend has reversed to the upside. A similar breaking out of the downtrend can be seen in the tech heavy